AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Get Free Report) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 6,786 shares, a growth of 145.7% from the June 15th total of 2,762 shares. Based on an average trading volume of 2,211 shares, the days-to-cover ratio is currently 3.1 days. Currently, 0.6% of the company’s stock are sold short.
AdvisorShares Gerber Kawasaki ETF Stock Performance
Shares of GK remained flat at $28.90 during mid-day trading on Thursday. 1,377 shares of the stock were exchanged, compared to its average volume of 1,380. The firm has a 50-day moving average of $29.08 and a two-hundred day moving average of $26.76. AdvisorShares Gerber Kawasaki ETF has a 12 month low of $22.69 and a 12 month high of $30.20. The stock has a market cap of $31.50 million, a price-to-earnings ratio of 10.14 and a beta of 1.38.
Institutional Investors Weigh In On AdvisorShares Gerber Kawasaki ETF
An institutional investor recently raised its position in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management raised its position in AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Free Report) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 934,728 shares of the company’s stock after buying 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 at the end of the most recent quarter. Institutional investors own 91.13% of the company’s stock.
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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