Short Interest in Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) Decreases By 34.7%

Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) saw a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 2,656 shares, a drop of 34.7% from the January 29th total of 4,066 shares. Based on an average daily trading volume, of 9,235 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 9,235 shares, the short-interest ratio is presently 0.3 days.

Gabelli Financial Services Opportunities ETF Trading Down 2.0%

Gabelli Financial Services Opportunities ETF stock traded down $0.90 during trading on Friday, reaching $43.32. The company had a trading volume of 4,035 shares, compared to its average volume of 14,434. The firm has a market capitalization of $47.65 million, a price-to-earnings ratio of 19.92 and a beta of 1.14. The firm’s 50-day simple moving average is $46.05 and its 200 day simple moving average is $46.95. Gabelli Financial Services Opportunities ETF has a 52 week low of $36.75 and a 52 week high of $49.81.

Gabelli Financial Services Opportunities ETF Dividend Announcement

The company also recently declared an annual dividend, which was paid on Friday, January 9th. Shareholders of record on Monday, December 29th were issued a dividend of $0.9068 per share. The ex-dividend date of this dividend was Monday, December 29th. This represents a yield of 194.0%.

Institutional Trading of Gabelli Financial Services Opportunities ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Gamco Investors INC. ET AL grew its holdings in shares of Gabelli Financial Services Opportunities ETF by 1,062.1% in the fourth quarter. Gamco Investors INC. ET AL now owns 214,520 shares of the company’s stock valued at $9,911,000 after purchasing an additional 196,060 shares in the last quarter. Carter Financial Group INC. bought a new position in Gabelli Financial Services Opportunities ETF during the second quarter valued at $2,882,000. Gabelli Funds LLC purchased a new position in shares of Gabelli Financial Services Opportunities ETF in the 4th quarter worth $2,079,000. Thrivent Financial for Lutherans bought a new stake in shares of Gabelli Financial Services Opportunities ETF in the 2nd quarter worth about $1,032,000. Finally, Susquehanna International Group LLP raised its position in shares of Gabelli Financial Services Opportunities ETF by 22.1% during the 3rd quarter. Susquehanna International Group LLP now owns 11,107 shares of the company’s stock valued at $535,000 after buying an additional 2,012 shares in the last quarter.

About Gabelli Financial Services Opportunities ETF

The Gabelli Financial Services Opportunities ETF (GABF) is an exchange-traded fund that mostly invests in financials equity. The fund is an actively managed, non-transparent fund of US-listed equities of financial services firms. The fund utilizes the Precidian non-transparent model. GABF was launched on May 9, 2022 and is managed by Gabelli.