Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) Short Interest Update

Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) was the recipient of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 2,052 shares, a decrease of 22.7% from the February 12th total of 2,656 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 5,022 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 5,022 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

Gabelli Financial Services Opportunities ETF Trading Up 0.1%

GABF stock traded up $0.06 during midday trading on Friday, hitting $40.51. The stock had a trading volume of 10,081 shares, compared to its average volume of 12,677. The stock has a 50-day simple moving average of $45.07 and a 200 day simple moving average of $46.51. Gabelli Financial Services Opportunities ETF has a 52 week low of $36.75 and a 52 week high of $49.81. The firm has a market capitalization of $44.56 million, a price-to-earnings ratio of 19.92 and a beta of 1.14.

Gabelli Financial Services Opportunities ETF Announces Dividend

The firm also recently declared an annual dividend, which was paid on Friday, January 9th. Investors of record on Monday, December 29th were issued a dividend of $0.9068 per share. This represents a yield of 194.0%. The ex-dividend date of this dividend was Monday, December 29th.

Institutional Investors Weigh In On Gabelli Financial Services Opportunities ETF

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

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.