Gabelli Growth Innovators ETF (NYSEARCA:GGRW – Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 297 shares, an increase of 212.6% from the August 15th total of 95 shares. Based on an average daily volume of 290 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.1% of the shares of the company are short sold.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in Gabelli Growth Innovators ETF stock. Gabelli Funds LLC purchased a new stake in Gabelli Growth Innovators ETF (NYSEARCA:GGRW – Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,000 shares of the company’s stock, valued at approximately $353,000. Gabelli Funds LLC owned approximately 5.88% of Gabelli Growth Innovators ETF as of its most recent filing with the Securities & Exchange Commission.
Gabelli Growth Innovators ETF Price Performance
Shares of Gabelli Growth Innovators ETF stock traded up $0.38 on Friday, reaching $36.94. 169 shares of the company traded hands, compared to its average volume of 742. The company has a 50 day moving average of $37.40 and a 200 day moving average of $36.19. Gabelli Growth Innovators ETF has a 52 week low of $31.44 and a 52 week high of $38.72. The firm has a market capitalization of $7.39 million, a PE ratio of 43.52 and a beta of 1.23.
About Gabelli Growth Innovators ETF
The Gabelli Growth Innovators ETF (GGRW) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed, non-transparent fund that seeks growth of capital and income by targeting US-listed companies with high future earnings potential relative to their current market value and considered to be innovative in their industry. The fund utilizes the Precidian non-transparent model. GGRW was launched on Feb 16, 2021 and is managed by Gabelli.
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