AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Get Free Report) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 3,918 shares, a decrease of 42.3% from the June 30th total of 6,786 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 1,392 shares, the short-interest ratio is presently 2.8 days.
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 boosted its stake in shares of AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Free Report) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 934,728 shares of the company’s stock after acquiring 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 as of its most recent SEC filing. 91.13% of the stock is currently owned by institutional investors.
AdvisorShares Gerber Kawasaki ETF Price Performance
Shares of AdvisorShares Gerber Kawasaki ETF stock remained flat at $27.64 on Wednesday. 74 shares of the stock traded hands, compared to its average volume of 1,353. The firm has a market cap of $30.13 million, a PE ratio of 9.70 and a beta of 1.38. The company’s 50 day moving average price is $28.99 and its 200-day moving average price is $26.91. AdvisorShares Gerber Kawasaki ETF has a 52-week low of $22.69 and a 52-week high of $30.20.
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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