AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) Short Interest Up 56.7% in December

AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 2,293 shares, an increase of 56.7% from the December 15th total of 1,463 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 1,204 shares, the days-to-cover ratio is currently 1.9 days. Based on an average daily trading volume, of 1,204 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.2% of the company’s shares are sold short.

AdvisorShares Gerber Kawasaki ETF Stock Up 0.8%

Shares of GK stock traded up $0.22 during trading hours on Friday, hitting $26.58. 180 shares of the company’s stock traded hands, compared to its average volume of 1,135. AdvisorShares Gerber Kawasaki ETF has a 12 month low of $16.95 and a 12 month high of $26.83. The stock has a market cap of $28.44 million, a PE ratio of 9.33 and a beta of 1.35. The stock’s 50 day simple moving average is $25.80 and its 200 day simple moving average is $25.56.

Hedge Funds Weigh In On AdvisorShares Gerber Kawasaki ETF

A hedge fund recently raised its stake in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management lifted its holdings in AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 906,950 shares of the company’s stock after acquiring an additional 11,955 shares during the period. Gerber Kawasaki Wealth & Investment Management owned approximately 84.76% of AdvisorShares Gerber Kawasaki ETF worth $21,655,000 as of its most recent filing with the Securities and Exchange Commission. 91.13% of the stock is currently owned by institutional investors.

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.