Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) Sees Large Increase in Short Interest

Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 1,381 shares, an increase of 26.9% from the March 15th total of 1,088 shares. Based on an average daily volume of 4,186 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Gabelli Financial Services Opportunities ETF Stock Up 1.7%

GABF stock traded up $0.74 during trading on Friday, reaching $45.39. The stock had a trading volume of 5,319 shares, compared to its average volume of 9,963. Gabelli Financial Services Opportunities ETF has a one year low of $38.34 and a one year high of $49.81. The company’s 50 day moving average is $42.77 and its two-hundred day moving average is $45.37. The company has a market capitalization of $54.47 million, a price-to-earnings ratio of 19.92 and a beta of 1.13.

Institutional Trading of Gabelli Financial Services Opportunities ETF

Hedge funds have recently bought and sold shares of the business. Carter Financial Group INC. increased 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 valued at $3,040,000 after purchasing an additional 3,521 shares during the last quarter. Gabelli Funds LLC purchased a new position in shares of Gabelli Financial Services Opportunities ETF in the 4th quarter worth about $2,079,000. Susquehanna International Group LLP boosted its holdings in shares of Gabelli Financial Services Opportunities ETF by 22.1% in 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 during the last quarter. Thrivent Financial for Lutherans bought a new position in Gabelli Financial Services Opportunities ETF during the second quarter valued at about $1,032,000. Finally, Gamco Investors INC. ET AL increased its holdings in Gabelli Financial Services Opportunities ETF by 1,062.1% during the fourth quarter. Gamco Investors INC. ET AL now owns 214,520 shares of the company’s stock worth $9,911,000 after buying an additional 196,060 shares during the last quarter.

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.