AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE – Get Free Report) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 4,180 shares, a growth of 487.1% from the June 30th total of 712 shares. Based on an average daily trading volume, of 1,065 shares, the days-to-cover ratio is currently 3.9 days. Approximately 1.1% of the shares of the company are sold short.
AdvisorShares Insiders Advantage ETF Stock Performance
Shares of SURE stock traded up $0.84 on Friday, hitting $147.18. The company’s stock had a trading volume of 17 shares, compared to its average volume of 338. The stock’s 50 day moving average is $144.57 and its 200-day moving average is $136.53. AdvisorShares Insiders Advantage ETF has a fifty-two week low of $115.94 and a fifty-two week high of $150.05. The company has a market capitalization of $55.93 million, a PE ratio of 14.46 and a beta of 0.91.
Institutional Trading of AdvisorShares Insiders Advantage ETF
A number of institutional investors have recently bought and sold shares of SURE. Waverly Advisors LLC increased its holdings in shares of AdvisorShares Insiders Advantage ETF by 2.5% during the first quarter. Waverly Advisors LLC now owns 6,410 shares of the company’s stock worth $815,000 after purchasing an additional 159 shares during the period. Osaic Holdings Inc. boosted its stake in shares of AdvisorShares Insiders Advantage ETF by 151.0% in the second quarter. Osaic Holdings Inc. now owns 4,761 shares of the company’s stock valued at $560,000 after buying an additional 2,864 shares during the period. Susquehanna International Group LLP boosted its stake in shares of AdvisorShares Insiders Advantage ETF by 59.7% in the third quarter. Susquehanna International Group LLP now owns 3,510 shares of the company’s stock valued at $434,000 after buying an additional 1,312 shares during the period. Busey Bank acquired a new stake in AdvisorShares Insiders Advantage ETF during the fourth quarter worth approximately $382,000. Finally, Farther Finance Advisors LLC acquired a new stake in AdvisorShares Insiders Advantage ETF during the fourth quarter worth approximately $265,000.
AdvisorShares Insiders Advantage ETF Company Profile
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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