AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) Short Interest Up 159.2% in June

AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 775 shares, an increase of 159.2% from the May 31st total of 299 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 443 shares, the days-to-cover ratio is currently 1.7 days.

AdvisorShares Insiders Advantage ETF Stock Performance

SURE stock opened at $146.06 on Monday. The company has a market capitalization of $55.50 million, a price-to-earnings ratio of 14.46 and a beta of 0.92. AdvisorShares Insiders Advantage ETF has a fifty-two week low of $113.00 and a fifty-two week high of $147.63. The stock has a fifty day moving average of $139.91 and a 200-day moving average of $133.85.

Hedge Funds Weigh In On AdvisorShares Insiders Advantage ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. purchased a new position in shares of AdvisorShares Insiders Advantage ETF in the first quarter worth about $37,000. Flow Traders U.S. LLC purchased a new stake in shares of AdvisorShares Insiders Advantage ETF during the 3rd quarter valued at approximately $235,000. Farther Finance Advisors LLC bought a new position in AdvisorShares Insiders Advantage ETF in the 4th quarter worth approximately $265,000. Busey Bank bought a new position in AdvisorShares Insiders Advantage ETF in the 4th quarter worth approximately $382,000. Finally, Susquehanna International Group LLP grew its stake in AdvisorShares Insiders Advantage ETF by 59.7% in the 3rd quarter. Susquehanna International Group LLP now owns 3,510 shares of the company’s stock valued at $434,000 after buying an additional 1,312 shares in the last quarter.

AdvisorShares Insiders Advantage ETF Company Profile

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.