Guru Favorite Stocks ETF (NASDAQ:GFGF) Sees Large Increase in Short Interest

Guru Favorite Stocks ETF (NASDAQ:GFGF) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 326 shares, a growth of 143.3% from the August 15th total of 134 shares. Based on an average daily volume of 125 shares, the short-interest ratio is currently 2.6 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Guru Favorite Stocks ETF stock. Royal Bank of Canada raised its holdings in shares of Guru Favorite Stocks ETF (NASDAQ:GFGF) by 86.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,678 shares of the company’s stock after acquiring an additional 9,102 shares during the quarter. Royal Bank of Canada owned approximately 1.86% of Guru Favorite Stocks ETF worth $697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Guru Favorite Stocks ETF Price Performance

Shares of GFGF traded up $0.30 on Friday, reaching $36.20. The company’s stock had a trading volume of 40 shares, compared to its average volume of 1,294. The stock has a market capitalization of $37.29 million, a P/E ratio of 31.06 and a beta of 1.05. The stock’s 50 day simple moving average is $36.28 and its two-hundred day simple moving average is $34.84. Guru Favorite Stocks ETF has a 12-month low of $30.65 and a 12-month high of $37.01.

Guru Favorite Stocks ETF Company Profile

The Guru Favorite Stocks ETF Guru Favorite Stocks Fund (GFGF) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects US-listed companies that are favored by prominent long-term investors. GFGF was launched on Dec 16, 2021 and is managed by Alpha Architect.