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

Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 2,445 shares, a growth of 369.3% from the December 15th total of 521 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 3,246 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 3,246 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of GABF. Gamco Investors INC. ET AL boosted its holdings in shares of Gabelli Financial Services Opportunities ETF by 0.3% in the second quarter. Gamco Investors INC. ET AL now owns 227,870 shares of the company’s stock valued at $10,812,000 after buying an additional 585 shares during the period. Carter Financial Group INC. lifted its position in Gabelli Financial Services Opportunities ETF by 0.5% in the 3rd quarter. Carter Financial Group INC. now owns 61,032 shares of the company’s stock valued at $2,942,000 after acquiring an additional 303 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in Gabelli Financial Services Opportunities ETF in the 2nd quarter valued at $1,032,000. Finally, Susquehanna International Group LLP increased its holdings in Gabelli Financial Services Opportunities ETF by 22.1% during the 3rd quarter. Susquehanna International Group LLP now owns 11,107 shares of the company’s stock worth $535,000 after purchasing an additional 2,012 shares in the last quarter.

Gabelli Financial Services Opportunities ETF Stock Performance

NYSEARCA:GABF traded down $0.67 on Tuesday, reaching $47.04. The company’s stock had a trading volume of 12,119 shares, compared to its average volume of 21,176. Gabelli Financial Services Opportunities ETF has a 1-year low of $36.75 and a 1-year high of $49.81. The business’s 50-day moving average price is $46.58 and its two-hundred day moving average price is $47.58. The firm has a market cap of $37.63 million, a PE ratio of 19.92 and a beta of 1.14.

Gabelli Financial Services Opportunities ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Friday, January 9th. Investors of record on Monday, December 29th were paid a dividend of $0.9068 per share. This represents a yield of 194.0%. The ex-dividend date of this dividend was Monday, December 29th.

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.