Short Interest in AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) Increases By 487.1%

AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 4,180 shares, an increase of 487.1% from the June 30th total of 712 shares. Based on an average trading volume of 1,065 shares, the days-to-cover ratio is presently 3.9 days. Currently, 1.1% of the shares of the stock are short sold.

Institutional Trading of AdvisorShares Insiders Advantage ETF

Institutional investors have recently added to or reduced their stakes in the stock. Waverly Advisors LLC increased its holdings in AdvisorShares Insiders Advantage ETF by 2.5% in the first quarter. Waverly Advisors LLC now owns 6,410 shares of the company’s stock valued at $815,000 after buying an additional 159 shares in the last quarter. PNC Financial Services Group Inc. purchased a new stake in shares of AdvisorShares Insiders Advantage ETF during the 1st quarter worth approximately $37,000. Susquehanna International Group LLP boosted its stake in shares of AdvisorShares Insiders Advantage ETF by 59.7% during the 3rd quarter. Susquehanna International Group LLP now owns 3,510 shares of the company’s stock worth $434,000 after acquiring an additional 1,312 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of AdvisorShares Insiders Advantage ETF in the 3rd quarter worth approximately $235,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of AdvisorShares Insiders Advantage ETF in the 4th quarter worth approximately $265,000.

AdvisorShares Insiders Advantage ETF Price Performance

Shares of NYSEARCA SURE traded up $0.84 during trading on Friday, hitting $147.18. 17 shares of the company were exchanged, compared to its average volume of 338. AdvisorShares Insiders Advantage ETF has a 1 year low of $115.94 and a 1 year high of $150.05. The company has a market cap of $55.93 million, a price-to-earnings ratio of 14.46 and a beta of 0.91. The firm’s fifty day moving average price is $144.57 and its 200 day moving average price is $136.53.

About AdvisorShares Insiders Advantage ETF

The AdvisorShares Insider Advantage ETF (SURE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed portfolio of US stocks selected using a proprietary model that follows insider buying and stock buyback strategies. SURE was launched on Sep 1, 2022 and is managed by AdvisorShares.