Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF – Get Free Report) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 10,131 shares, a growth of 1,652.8% from the July 30th total of 578 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 7,683 shares, the days-to-cover ratio is presently 1.3 days.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. Gabelli Funds LLC boosted its holdings in Gabelli Financial Services Opportunities ETF by 805.3% during the first quarter. Gabelli Funds LLC now owns 407,363 shares of the company’s stock worth $16,954,000 after purchasing an additional 362,363 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in Gabelli Financial Services Opportunities ETF by 1,062.1% in the 4th quarter. Gamco Investors INC. ET AL now owns 214,520 shares of the company’s stock valued at $9,911,000 after buying an additional 196,060 shares during the last quarter. Carter Financial Group INC. lifted its position in shares of Gabelli Financial Services Opportunities ETF by 5.8% during the 4th quarter. Carter Financial Group INC. now owns 64,553 shares of the company’s stock worth $3,040,000 after buying an additional 3,521 shares in the last quarter. Thrivent Financial for Lutherans bought a new position in shares of Gabelli Financial Services Opportunities ETF during the 2nd quarter worth approximately $1,032,000. Finally, Susquehanna International Group LLP lifted its position in shares of Gabelli Financial Services Opportunities ETF by 22.1% during the 3rd quarter. Susquehanna International Group LLP now owns 11,107 shares of the company’s stock worth $535,000 after buying an additional 2,012 shares in the last quarter.
Gabelli Financial Services Opportunities ETF Stock Up 0.5%
NYSEARCA:GABF traded up $0.25 during trading hours on Tuesday, hitting $46.92. 3,557 shares of the company traded hands, compared to its average volume of 7,104. The company has a market cap of $51.61 million, a PE ratio of 19.92 and a beta of 1.05. The firm’s 50-day simple moving average is $45.46 and its 200-day simple moving average is $44.09. Gabelli Financial Services Opportunities ETF has a one year low of $38.34 and a one year high of $49.81.
About Gabelli Financial Services Opportunities ETF
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.
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