AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Get Free Report) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 6,786 shares, a growth of 145.7% from the June 15th total of 2,762 shares. Based on an average trading volume of 2,211 shares, the days-to-cover ratio is currently 3.1 days. Approximately 0.6% of the company’s stock are short sold.
Institutional Inflows and Outflows
An institutional investor recently raised its position in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management grew its position in AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Free Report) by 1.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 934,728 shares of the company’s stock after buying 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 and hedge funds own 91.13% of the company’s stock.
AdvisorShares Gerber Kawasaki ETF Price Performance
Shares of GK remained flat at $28.51 during trading hours on Tuesday. The stock had a trading volume of 274 shares, compared to its average volume of 1,377. The stock has a market capitalization of $31.08 million, a PE ratio of 10.00 and a beta of 1.38. The company’s 50-day moving average is $29.05 and its two-hundred day moving average is $26.72. AdvisorShares Gerber Kawasaki ETF has a 12-month low of $22.69 and a 12-month high of $30.20.
AdvisorShares Gerber Kawasaki ETF Company Profile
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.
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