Short Interest in AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) Expands By 487.1%

AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 4,180 shares, an increase of 487.1% from the June 30th total of 712 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average daily volume of 1,065 shares, the short-interest ratio is presently 3.9 days.

Institutional Trading of AdvisorShares Insiders Advantage ETF

A number of institutional investors have recently made changes to their positions in the stock. Waverly Advisors LLC lifted its position in AdvisorShares Insiders Advantage ETF by 2.5% during the first quarter. Waverly Advisors LLC now owns 6,410 shares of the company’s stock valued at $815,000 after purchasing an additional 159 shares during the period. PNC Financial Services Group Inc. purchased a new stake in AdvisorShares Insiders Advantage ETF in the 1st quarter worth $37,000. Susquehanna International Group LLP grew its position in shares of AdvisorShares Insiders Advantage ETF by 59.7% during the third quarter. Susquehanna International Group LLP now owns 3,510 shares of the company’s stock valued at $434,000 after purchasing an additional 1,312 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in shares of AdvisorShares Insiders Advantage ETF during the third quarter valued at about $235,000. Finally, Farther Finance Advisors LLC bought a new position in AdvisorShares Insiders Advantage ETF during the fourth quarter valued at approximately $265,000.

AdvisorShares Insiders Advantage ETF Price Performance

SURE stock opened at $147.18 on Monday. AdvisorShares Insiders Advantage ETF has a 1-year low of $115.94 and a 1-year high of $150.05. The business has a fifty day moving average price of $144.57 and a 200-day moving average price of $136.58. The stock has a market capitalization of $55.93 million, a P/E ratio of 14.46 and a beta of 0.91.

About AdvisorShares Insiders Advantage ETF

The AdvisorShares Insider Advantage ETF (SURE) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed portfolio of US stocks selected using a proprietary model that follows insider buying and stock buyback strategies. SURE was launched on Sep 1, 2022 and is managed by AdvisorShares.