Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) Sees Large Drop in Short Interest

Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 4,817 shares, a drop of 36.0% from the August 31st total of 7,523 shares. Based on an average daily trading volume, of 2,013 shares, the short-interest ratio is presently 2.4 days. Approximately 0.4% of the company’s stock are sold short.

Gabelli Financial Services Opportunities ETF Stock Down 0.9%

NYSEARCA GABF opened at $42.05 on Thursday. Gabelli Financial Services Opportunities ETF has a 52 week low of $38.34 and a 52 week high of $48.46. The firm has a 50 day moving average of $45.43 and a two-hundred day moving average of $44.30. The stock has a market capitalization of $50.46 million, a PE ratio of 19.92 and a beta of 1.05.

Hedge Funds Weigh In On Gabelli Financial Services Opportunities ETF

A hedge fund recently raised its position in Gabelli Financial Services Opportunities ETF stock. Gabelli Funds LLC raised its position in Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) by 805.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 407,363 shares of the company’s stock after buying an additional 362,363 shares during the quarter. Gabelli Funds LLC owned approximately 33.95% of Gabelli Financial Services Opportunities ETF worth $16,954,000 as of its most recent filing with the Securities and Exchange Commission.

About Gabelli Financial Services Opportunities ETF

The Gabelli Financial Services Opportunities ETF (GABF) is an exchange-traded fund that mostly invests in financials equity. The fund is an actively managed, non-transparent fund of US-listed equities of financial services firms. The fund utilizes the Precidian non-transparent model. GABF was launched on May 9, 2022 and is managed by Gabelli.