AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) Short Interest Update

AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 6,456 shares, an increase of 161.6% from the April 30th total of 2,468 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 1,237 shares, the short-interest ratio is presently 5.2 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 increased its position in shares of AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) by 1.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 920,489 shares of the company’s stock after purchasing an additional 13,539 shares during the quarter. Gerber Kawasaki Wealth & Investment Management owned approximately 86.03% of AdvisorShares Gerber Kawasaki ETF worth $24,111,000 at the end of the most recent quarter. 91.13% of the stock is currently owned by hedge funds and other institutional investors.

AdvisorShares Gerber Kawasaki ETF Stock Up 0.6%

AdvisorShares Gerber Kawasaki ETF stock traded up $0.18 during mid-day trading on Friday, reaching $29.92. The company had a trading volume of 2,641 shares, compared to its average volume of 1,244. AdvisorShares Gerber Kawasaki ETF has a 52 week low of $21.86 and a 52 week high of $30.01. The company has a 50 day moving average of $26.51 and a 200-day moving average of $25.94. The firm has a market cap of $32.01 million, a price-to-earnings ratio of 10.50 and a beta of 1.37.

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.