Short Interest in AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) Decreases By 26.5%

AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 1,401 shares, a decrease of 26.5% from the February 26th total of 1,906 shares. Based on an average daily volume of 1,123 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.1% of the company’s stock are short sold.

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 increased its holdings in AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) by 1.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 934,728 shares of the company’s stock after purchasing 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 SEC filing. Institutional investors own 91.13% of the company’s stock.

AdvisorShares Gerber Kawasaki ETF Price Performance

Shares of GK stock traded down $0.37 during trading hours on Friday, reaching $23.03. The company had a trading volume of 298 shares, compared to its average volume of 1,408. The company has a market cap of $24.64 million, a price-to-earnings ratio of 8.08 and a beta of 1.35. The business has a fifty day simple moving average of $25.21 and a 200-day simple moving average of $25.73. AdvisorShares Gerber Kawasaki ETF has a 12 month low of $16.95 and a 12 month high of $26.83.

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.