Short Interest in AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) Drops By 45.6%

AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) saw a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 1,117 shares, a drop of 45.6% from the January 15th total of 2,053 shares. Based on an average daily volume of 2,213 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 2,213 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of AdvisorShares Gerber Kawasaki ETF

An institutional investor recently raised its position in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management raised its holdings in shares of AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 906,950 shares of the company’s stock after buying an additional 11,955 shares during the period. Gerber Kawasaki Wealth & Investment Management owned about 84.76% of AdvisorShares Gerber Kawasaki ETF worth $21,655,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 91.13% of the company’s stock.

AdvisorShares Gerber Kawasaki ETF Price Performance

GK traded down $0.04 during trading on Friday, hitting $25.04. The company’s stock had a trading volume of 1,687 shares, compared to its average volume of 1,570. AdvisorShares Gerber Kawasaki ETF has a twelve month low of $16.95 and a twelve month high of $26.83. The stock has a market cap of $26.79 million, a PE ratio of 8.79 and a beta of 1.35. The firm’s 50 day moving average price is $25.87 and its 200-day moving average price is $25.77.

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.