AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) Sees Significant Decrease in Short Interest

AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) saw a significant decline in short interest in December. As of December 31st, there was short interest totaling 108 shares, a decline of 36.5% from the December 15th total of 170 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 129 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 129 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On AdvisorShares Insiders Advantage ETF

Several institutional investors have recently made changes to their positions in the business. Ameritas Advisory Services LLC bought a new stake in shares of AdvisorShares Insiders Advantage ETF during the 2nd quarter valued at $73,000. Osaic Holdings Inc. raised its holdings in shares of 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 lifted its position in AdvisorShares Insiders Advantage ETF by 59.7% during the third quarter. Susquehanna International Group LLP now owns 3,510 shares of the company’s stock valued at $434,000 after purchasing an additional 1,312 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in AdvisorShares Insiders Advantage ETF in the third quarter worth about $235,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of AdvisorShares Insiders Advantage ETF by 97.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,443 shares of the company’s stock worth $180,000 after purchasing an additional 711 shares during the period.

AdvisorShares Insiders Advantage ETF Trading Up 0.3%

Shares of NYSEARCA:SURE traded up $0.43 on Friday, reaching $132.36. 19 shares of the company traded hands, compared to its average volume of 202. The business’s 50-day simple moving average is $127.14 and its 200 day simple moving average is $123.38. The stock has a market capitalization of $50.30 million, a P/E ratio of 14.46 and a beta of 1.00. AdvisorShares Insiders Advantage ETF has a 52 week low of $98.09 and a 52 week high of $132.97.

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.