Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) Shares Shorted: Short Interest Down 36.0% in September

Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 4,817 shares, a decline of 36.0% from the August 31st total of 7,523 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 2,013 shares, the short-interest ratio is currently 2.4 days.

Gabelli Financial Services Opportunities ETF Stock Down 0.9%

Gabelli Financial Services Opportunities ETF stock opened at $42.05 on Thursday. Gabelli Financial Services Opportunities ETF has a 52 week low of $38.34 and a 52 week high of $48.46. The business’s 50-day moving average price is $45.43 and its 200 day moving average price is $44.30. The firm has a market cap of $50.46 million, a price-to-earnings ratio of 19.92 and a beta of 1.05.

Hedge Funds Weigh In On Gabelli Financial Services Opportunities ETF

An institutional investor recently bought a new position in Gabelli Financial Services Opportunities ETF stock. Mirae Asset Securities USA Inc. purchased a new stake in shares of Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,662 shares of the company’s stock, valued at approximately $236,000. Mirae Asset Securities USA Inc. owned about 0.47% of Gabelli Financial Services Opportunities ETF at the end of the most recent reporting period.

Gabelli Financial Services Opportunities ETF Company Profile

The Gabelli Financial Services Opportunities ETF (GABF) is an exchange-traded fund that mostly invests in financials equity. The fund is an actively managed, non-transparent fund of US-listed equities of financial services firms. The fund utilizes the Precidian non-transparent model. GABF was launched on May 9, 2022 and is managed by Gabelli.