AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Get Free Report) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 2,762 shares, a decline of 60.9% from the May 31st total of 7,069 shares. Based on an average trading volume of 2,009 shares, the short-interest ratio is presently 1.4 days. Approximately 0.3% of the shares of the stock are short sold.
AdvisorShares Gerber Kawasaki ETF Stock Performance
NYSEARCA GK opened at $29.75 on Wednesday. AdvisorShares Gerber Kawasaki ETF has a fifty-two week low of $22.69 and a fifty-two week high of $30.20. The stock has a 50 day simple moving average of $28.63 and a two-hundred day simple moving average of $26.50. The stock has a market cap of $31.83 million, a P/E ratio of 10.44 and a beta of 1.38.
Hedge Funds Weigh In On AdvisorShares Gerber Kawasaki ETF
An institutional investor recently raised its position in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management grew its stake in AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Free Report) by 1.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 934,728 shares of the company’s stock after purchasing an additional 14,239 shares during the quarter. Gerber Kawasaki Wealth & Investment Management owned about 87.36% of AdvisorShares Gerber Kawasaki ETF worth $23,952,000 at the end of the most recent quarter. 91.13% of the stock is currently owned by institutional investors and hedge funds.
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.
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