AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) Sees Large Growth in Short Interest

AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 2,293 shares, an increase of 56.7% from the December 15th total of 1,463 shares. Based on an average trading volume of 1,204 shares, the short-interest ratio is presently 1.9 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 1,204 shares, the short-interest ratio is presently 1.9 days.

Institutional Trading of AdvisorShares Gerber Kawasaki ETF

An institutional investor recently raised its position in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management increased its holdings in AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) by 1.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 906,950 shares of the company’s stock after acquiring an additional 11,955 shares during the period. Gerber Kawasaki Wealth & Investment Management owned approximately 84.76% of AdvisorShares Gerber Kawasaki ETF worth $21,655,000 at the end of the most recent quarter. 91.13% of the stock is currently owned by institutional investors.

AdvisorShares Gerber Kawasaki ETF Stock Up 0.8%

GK traded up $0.22 during trading on Friday, reaching $26.58. The company’s stock had a trading volume of 180 shares, compared to its average volume of 1,135. The company has a market cap of $28.44 million, a price-to-earnings ratio of 9.33 and a beta of 1.35. The firm has a fifty day simple moving average of $25.78 and a two-hundred day simple moving average of $25.53. AdvisorShares Gerber Kawasaki ETF has a 1 year low of $16.95 and a 1 year high of $26.83.

About AdvisorShares Gerber Kawasaki ETF

The AdvisorShares Gerber Kawasaki ETF (GK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that offers exposure to a portfolio of US growth stocks across multiple investment themes believed to represent top thematic macro opportunities. GK was launched on Jul 2, 2021 and is managed by AdvisorShares.