Short Interest in Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) Decreases By 70.8%

Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 4,066 shares, a drop of 70.8% from the January 15th total of 13,934 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 9,903 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 9,903 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the company’s shares are sold short.

Hedge Funds Weigh In On Gabelli Financial Services Opportunities ETF

Hedge funds have recently made changes to their positions in the stock. Gamco Investors INC. ET AL boosted its position in shares of Gabelli Financial Services Opportunities ETF by 1,062.1% during the fourth quarter. Gamco Investors INC. ET AL now owns 214,520 shares of the company’s stock worth $9,911,000 after buying an additional 196,060 shares during the period. Carter Financial Group INC. acquired a new position in Gabelli Financial Services Opportunities ETF during the 2nd quarter worth about $2,882,000. Gabelli Funds LLC acquired a new position in Gabelli Financial Services Opportunities ETF during the 4th quarter worth about $2,079,000. Thrivent Financial for Lutherans purchased a new position in Gabelli Financial Services Opportunities ETF during the 2nd quarter valued at about $1,032,000. Finally, Susquehanna International Group LLP grew its position in Gabelli Financial Services Opportunities ETF by 22.1% in the 3rd quarter. Susquehanna International Group LLP now owns 11,107 shares of the company’s stock valued at $535,000 after acquiring an additional 2,012 shares in the last quarter.

Gabelli Financial Services Opportunities ETF Stock Performance

Shares of Gabelli Financial Services Opportunities ETF stock traded down $0.49 during trading hours on Wednesday, hitting $44.79. The company’s stock had a trading volume of 872 shares, compared to its average volume of 17,951. The stock has a market cap of $49.27 million, a price-to-earnings ratio of 19.92 and a beta of 1.14. Gabelli Financial Services Opportunities ETF has a twelve month low of $36.75 and a twelve month high of $49.81. The firm has a fifty day moving average of $46.86 and a 200-day moving average of $47.30.

Gabelli Financial Services Opportunities ETF Dividend Announcement

The business also recently declared an annual dividend, which was paid on Friday, January 9th. Stockholders of record on Monday, December 29th were paid a $0.9068 dividend. This represents a dividend 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.