AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Get Free Report) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 1,607 shares, a drop of 69.1% from the August 15th total of 5,201 shares. Based on an average daily volume of 1,161 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.1% of the company’s shares are sold short.
Institutional Investors Weigh In On AdvisorShares Gerber Kawasaki ETF
A hedge fund recently raised its position in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management raised its holdings in AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Free Report) by 1.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm 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 approximately 87.36% of AdvisorShares Gerber Kawasaki ETF worth $23,952,000 as of its most recent SEC filing. 91.13% of the stock is owned by institutional investors and hedge funds.
AdvisorShares Gerber Kawasaki ETF Stock Performance
Shares of NYSEARCA:GK traded up $0.34 during midday trading on Friday, hitting $28.78. 2,131 shares of the stock were exchanged, compared to its average volume of 1,309. The stock has a market capitalization of $31.37 million, a price-to-earnings ratio of 10.10 and a beta of 1.38. The business’s 50-day moving average price is $28.84 and its 200 day moving average price is $27.63. AdvisorShares Gerber Kawasaki ETF has a 12 month low of $22.69 and a 12 month 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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