Gabelli Growth Innovators ETF (NYSEARCA:GGRW – Get Free Report) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 198 shares, a decline of 56.7% from the April 30th total of 457 shares. Based on an average daily volume of 427 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are sold short.
Hedge Funds Weigh In On Gabelli Growth Innovators ETF
An institutional investor recently bought a new position in Gabelli Growth Innovators ETF stock. Gabelli Funds LLC bought a new stake in Gabelli Growth Innovators ETF (NYSEARCA:GGRW – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,000 shares of the company’s stock, valued at approximately $353,000. Gabelli Funds LLC owned 5.88% of Gabelli Growth Innovators ETF as of its most recent SEC filing.
Gabelli Growth Innovators ETF Stock Up 0.4%
Shares of NYSEARCA:GGRW traded up $0.15 on Monday, reaching $37.76. 250 shares of the company’s stock were exchanged, compared to its average volume of 947. The business’s 50-day moving average is $35.33 and its two-hundred day moving average is $35.06. Gabelli Growth Innovators ETF has a fifty-two week low of $31.44 and a fifty-two week high of $37.81. The firm has a market capitalization of $7.55 million, a price-to-earnings ratio of 43.52 and a beta of 1.25.
About Gabelli Growth Innovators ETF
The Gabelli Growth Innovators ETF (GGRW) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed, non-transparent fund that seeks growth of capital and income by targeting US-listed companies with high future earnings potential relative to their current market value and considered to be innovative in their industry. The fund utilizes the Precidian non-transparent model. GGRW was launched on Feb 16, 2021 and is managed by Gabelli.
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