AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE – Get Free Report) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 299 shares, an increase of 264.6% from the May 14th total of 82 shares. Based on an average daily trading volume, of 986 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are short sold.
AdvisorShares Insiders Advantage ETF Trading Up 1.9%
SURE traded up $2.64 during trading hours on Thursday, hitting $144.15. 501 shares of the company’s stock were exchanged, compared to its average volume of 268. AdvisorShares Insiders Advantage ETF has a 12-month low of $113.00 and a 12-month high of $144.32. The firm has a 50 day moving average of $136.80 and a 200 day moving average of $132.38. The firm has a market cap of $54.78 million, a P/E ratio of 14.46 and a beta of 0.92.
Institutional Investors Weigh In On AdvisorShares Insiders Advantage ETF
Several large investors have recently added to or reduced their stakes in the business. Waverly Advisors LLC increased its stake in AdvisorShares Insiders Advantage ETF by 2.5% during the 1st quarter. Waverly Advisors LLC now owns 6,410 shares of the company’s stock worth $815,000 after buying an additional 159 shares during the period. Osaic Holdings Inc. grew its holdings in AdvisorShares Insiders Advantage ETF by 151.0% during the 2nd quarter. Osaic Holdings Inc. now owns 4,761 shares of the company’s stock worth $560,000 after acquiring an additional 2,864 shares in the last quarter. Susquehanna International Group LLP grew its holdings in 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. Busey Bank acquired a new position in AdvisorShares Insiders Advantage ETF during the 4th quarter worth approximately $382,000. Finally, Farther Finance Advisors LLC acquired a new position in AdvisorShares Insiders Advantage ETF during the 4th quarter worth approximately $265,000.
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.
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