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

AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 1,607 shares, a decrease of 69.1% from the August 15th total of 5,201 shares. Based on an average daily volume of 1,161 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors 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 increased its stake in shares of AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 934,728 shares of the company’s stock after acquiring an additional 14,239 shares during the quarter. Gerber Kawasaki Wealth & Investment Management owned about 87.36% of AdvisorShares Gerber Kawasaki ETF worth $23,952,000 at the end of the most recent reporting period. Institutional investors own 91.13% of the company’s stock.

AdvisorShares Gerber Kawasaki ETF Trading Down 1.3%

GK traded down $0.36 during midday trading on Monday, reaching $28.42. The company’s stock had a trading volume of 2,834 shares, compared to its average volume of 1,317. The company has a fifty day simple moving average of $28.84 and a 200 day simple moving average of $27.65. The stock has a market cap of $30.98 million, a P/E ratio of 9.97 and a beta of 1.38. AdvisorShares Gerber Kawasaki ETF has a twelve month low of $22.69 and a twelve month high of $30.20.

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.