AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) Stock Short Interest Falls 45.1%

AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 2,194 shares, a drop of 45.1% from the September 15th total of 3,996 shares. Based on an average daily trading volume, of 1,398 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.6% of the shares of the company are sold short.

Hedge Funds Weigh In On AdvisorShares Insiders Advantage ETF

An institutional investor recently bought a new stake in AdvisorShares Insiders Advantage ETF stock. PNC Financial Services Group Inc. purchased a new stake in AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 294 shares of the company’s stock, valued at approximately $37,000. PNC Financial Services Group Inc. owned about 0.08% of AdvisorShares Insiders Advantage ETF as of its most recent filing with the Securities and Exchange Commission.

AdvisorShares Insiders Advantage ETF Stock Up 1.9%

Shares of SURE traded up $2.77 during trading hours on Thursday, hitting $151.84. 511 shares of the company were exchanged, compared to its average volume of 391. The company has a market cap of $57.70 million, a price-to-earnings ratio of 14.46 and a beta of 0.92. The firm’s fifty day moving average is $149.13 and its 200 day moving average is $143.88. AdvisorShares Insiders Advantage ETF has a fifty-two week low of $119.19 and a fifty-two week high of $153.29.

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.