AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Get Free Report) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 2,762 shares, a drop of 60.9% from the May 31st total of 7,069 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 2,009 shares, the short-interest ratio is presently 1.4 days.
Institutional Investors Weigh In On AdvisorShares Gerber Kawasaki ETF
A hedge fund recently raised its stake in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management lifted its holdings in AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Free Report) by 1.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 934,728 shares of the company’s stock after acquiring an additional 14,239 shares during the period. 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 SEC. 91.13% of the stock is currently owned by hedge funds and other institutional investors.
AdvisorShares Gerber Kawasaki ETF Price Performance
GK traded up $0.46 during trading on Monday, hitting $29.24. The stock had a trading volume of 969 shares, compared to its average volume of 1,376. The company has a 50 day moving average price of $28.50 and a 200-day moving average price of $26.45. AdvisorShares Gerber Kawasaki ETF has a one year low of $22.69 and a one year high of $30.20. The firm has a market cap of $31.29 million, a price-to-earnings ratio of 10.26 and a beta of 1.38.
AdvisorShares Gerber Kawasaki ETF Company Profile
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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