AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Get Free Report) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 6,456 shares, an increase of 161.6% from the April 30th total of 2,468 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average trading volume of 1,237 shares, the days-to-cover ratio is presently 5.2 days.
AdvisorShares Gerber Kawasaki ETF Trading Up 0.0%
NYSEARCA:GK traded up $0.01 during mid-day trading on Monday, hitting $29.93. The stock had a trading volume of 445 shares, compared to its average volume of 1,233. The stock has a 50-day simple moving average of $26.51 and a two-hundred day simple moving average of $25.94. The company has a market capitalization of $32.03 million, a PE ratio of 10.50 and a beta of 1.37. AdvisorShares Gerber Kawasaki ETF has a twelve month low of $21.96 and a twelve month high of $30.01.
Institutional Trading of AdvisorShares Gerber Kawasaki ETF
An institutional investor recently raised its position in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management grew its stake in shares of AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Free Report) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 934,728 shares of the company’s stock after purchasing 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 filing with the Securities and Exchange Commission. 91.13% of the stock is owned by institutional investors.
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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