AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Get Free Report) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,665 shares, a decline of 57.5% from the July 15th total of 3,918 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 988 shares, the short-interest ratio is presently 1.7 days.
AdvisorShares Gerber Kawasaki ETF Stock Performance
NYSEARCA GK traded down $0.02 on Friday, reaching $29.93. The company’s stock had a trading volume of 2,814 shares, compared to its average volume of 1,344. AdvisorShares Gerber Kawasaki ETF has a twelve month low of $22.69 and a twelve month high of $30.20. The firm’s 50 day moving average is $28.93 and its two-hundred day moving average is $27.16. The stock has a market cap of $32.62 million, a PE ratio of 10.50 and a beta of 1.38.
Institutional Trading of AdvisorShares Gerber Kawasaki ETF
An institutional investor recently raised its stake in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management boosted its holdings in AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Free Report) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 934,728 shares of the company’s stock after buying an additional 14,239 shares during the quarter. Gerber Kawasaki Wealth & Investment Management owned 87.36% of AdvisorShares Gerber Kawasaki ETF worth $23,952,000 as of its most recent SEC filing. Institutional investors own 91.13% of the company’s stock.
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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