Gabelli Growth Innovators ETF (NYSEARCA:GGRW) Short Interest Update

Gabelli Growth Innovators ETF (NYSEARCA:GGRW) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 457 shares, a growth of 87.3% from the April 15th total of 244 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 382 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Gabelli Growth Innovators ETF stock. Gamco Investors INC. ET AL purchased a new stake in shares of Gabelli Growth Innovators ETF (NYSEARCA:GGRW) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 100,000 shares of the company’s stock, valued at approximately $3,526,000. Gamco Investors INC. ET AL owned approximately 58.82% of Gabelli Growth Innovators ETF at the end of the most recent quarter.

Gabelli Growth Innovators ETF Stock Performance

Shares of Gabelli Growth Innovators ETF stock traded down $0.58 during midday trading on Friday, reaching $36.69. 152 shares of the company’s stock traded hands, compared to its average volume of 935. The company has a market cap of $7.34 million, a price-to-earnings ratio of 43.52 and a beta of 1.25. The company’s 50 day simple moving average is $34.61 and its 200 day simple moving average is $34.98. Gabelli Growth Innovators ETF has a 52 week low of $31.00 and a 52 week high of $37.27.

About Gabelli Growth Innovators ETF

The Gabelli Growth Innovators ETF (GGRW) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed, non-transparent fund that seeks growth of capital and income by targeting US-listed companies with high future earnings potential relative to their current market value and considered to be innovative in their industry. The fund utilizes the Precidian non-transparent model. GGRW was launched on Feb 16, 2021 and is managed by Gabelli.