AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) Stock Short Interest Drops 83.8%

AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) saw a large decrease in short interest in October. As of October 30th, there was short interest totaling 341 shares, a decrease of 83.8% from the October 15th total of 2,100 shares. Based on an average daily volume of 704 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. acquired a new position in AdvisorShares Insiders Advantage ETF in the first quarter valued at approximately $37,000. PCG Wealth Advisors LLC bought a new position in AdvisorShares Insiders Advantage ETF during the third quarter valued at $46,000. Finally, Waverly Advisors LLC increased its stake in shares of AdvisorShares Insiders Advantage ETF by 2.5% in the first quarter. Waverly Advisors LLC now owns 6,410 shares of the company’s stock worth $815,000 after purchasing an additional 159 shares in the last quarter.

AdvisorShares Insiders Advantage ETF Trading Up 0.3%

Shares of NYSEARCA:SURE traded up $0.45 during trading on Friday, reaching $156.68. 557 shares of the stock were exchanged, compared to its average volume of 406. The stock has a 50-day moving average price of $150.45 and a 200-day moving average price of $142.39. AdvisorShares Insiders Advantage ETF has a 12 month low of $119.19 and a 12 month high of $158.90. The firm has a market cap of $59.54 million, a PE ratio of 19.09 and a beta of 0.91.

About AdvisorShares Insiders Advantage ETF

The AdvisorShares Insider Advantage ETF (SURE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed portfolio of US stocks selected using a proprietary model that follows insider buying and stock buyback strategies. SURE was launched on Sep 1, 2022 and is managed by AdvisorShares.