Short Interest in AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) Declines By 41.8%

AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 170 shares, a drop of 41.8% from the November 30th total of 292 shares. Based on an average daily trading volume, of 296 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 296 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SURE. Osaic Holdings Inc. boosted its position in AdvisorShares Insiders Advantage ETF by 151.0% during the second quarter. Osaic Holdings Inc. now owns 4,761 shares of the company’s stock worth $560,000 after purchasing an additional 2,864 shares during the period. Susquehanna International Group LLP grew its holdings in AdvisorShares Insiders Advantage ETF by 59.7% in the 3rd quarter. Susquehanna International Group LLP now owns 3,510 shares of the company’s stock valued at $434,000 after buying an additional 1,312 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of AdvisorShares Insiders Advantage ETF during the third quarter worth $235,000. Prime Capital Investment Advisors LLC bought a new stake in shares of AdvisorShares Insiders Advantage ETF in the third quarter valued at about $200,000. Finally, Jones Financial Companies Lllp grew its stake in shares of AdvisorShares Insiders Advantage ETF by 97.1% in the third quarter. Jones Financial Companies Lllp now owns 1,443 shares of the company’s stock valued at $180,000 after acquiring an additional 711 shares in the last quarter.

AdvisorShares Insiders Advantage ETF Price Performance

NYSEARCA:SURE traded down $0.28 during trading hours on Tuesday, reaching $128.68. 86 shares of the stock were exchanged, compared to its average volume of 328. The stock has a market cap of $48.90 million, a PE ratio of 14.46 and a beta of 1.00. AdvisorShares Insiders Advantage ETF has a twelve month low of $98.09 and a twelve month high of $130.38. The firm has a 50 day moving average of $125.16 and a 200 day moving average of $122.13.

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.