AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Get Free Report) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 5,201 shares, a growth of 212.4% from the July 30th total of 1,665 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 1,344 shares, the short-interest ratio is presently 3.9 days.
Institutional Investors Weigh In On AdvisorShares Gerber Kawasaki ETF
An institutional investor recently raised its position in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management lifted its position in shares of AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Free Report) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 934,728 shares of the company’s stock after buying an additional 14,239 shares during the quarter. Gerber Kawasaki Wealth & Investment Management owned approximately 87.36% of AdvisorShares Gerber Kawasaki ETF worth $23,952,000 at the end of the most recent quarter. Institutional investors and hedge funds own 91.13% of the company’s stock.
AdvisorShares Gerber Kawasaki ETF Trading Up 0.9%
Shares of NYSEARCA GK traded up $0.27 during trading hours on Thursday, reaching $29.01. The stock had a trading volume of 1,401 shares, compared to its average volume of 1,327. AdvisorShares Gerber Kawasaki ETF has a 52-week low of $22.69 and a 52-week high of $30.20. The firm has a market cap of $31.62 million, a price-to-earnings ratio of 10.18 and a beta of 1.38. The business’s fifty day moving average price is $28.96 and its two-hundred day moving average price is $27.35.
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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