Short Interest in Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) Declines By 40.5%

Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 945 shares, a decrease of 40.5% from the May 14th total of 1,589 shares. Based on an average daily volume of 6,869 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Gabelli Financial Services Opportunities ETF

A number of large investors have recently bought and sold shares of the company. Gabelli Funds LLC raised its position in Gabelli Financial Services Opportunities ETF by 805.3% during the 1st quarter. Gabelli Funds LLC now owns 407,363 shares of the company’s stock worth $16,954,000 after buying an additional 362,363 shares during the last quarter. Mirae Asset Securities USA Inc. purchased a new position in Gabelli Financial Services Opportunities ETF during the 1st quarter worth $236,000. Carter Financial Group INC. raised its position in Gabelli Financial Services Opportunities ETF by 5.8% during the 4th quarter. Carter Financial Group INC. now owns 64,553 shares of the company’s stock worth $3,040,000 after buying an additional 3,521 shares during the last quarter. Gamco Investors INC. ET AL raised its position in Gabelli Financial Services Opportunities ETF by 1,062.1% during the 4th 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 last quarter. Finally, Susquehanna International Group LLP raised its position in Gabelli Financial Services Opportunities ETF by 22.1% during the 3rd quarter. Susquehanna International Group LLP now owns 11,107 shares of the company’s stock worth $535,000 after buying an additional 2,012 shares during the last quarter.

Gabelli Financial Services Opportunities ETF Stock Performance

Gabelli Financial Services Opportunities ETF stock traded up $0.22 during trading hours on Monday, reaching $44.75. 5,181 shares of the stock were exchanged, compared to its average volume of 8,015. The stock has a market cap of $53.70 million, a P/E ratio of 19.92 and a beta of 1.06. Gabelli Financial Services Opportunities ETF has a 52-week low of $38.34 and a 52-week high of $49.81. The firm’s 50 day moving average is $43.84 and its 200 day moving average is $44.60.

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.