Short Interest in AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) Drops By 45.6%

AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GKGet Free Report) saw a large decline in short interest in January. As of January 30th, there was short interest totaling 1,117 shares, a decline of 45.6% from the January 15th total of 2,053 shares. Based on an average daily volume of 2,213 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 2,213 shares, the days-to-cover ratio is presently 0.5 days.

AdvisorShares Gerber Kawasaki ETF Trading Down 0.2%

Shares of GK traded down $0.04 during mid-day trading on Friday, hitting $25.04. The company’s stock had a trading volume of 1,687 shares, compared to its average volume of 1,570. AdvisorShares Gerber Kawasaki ETF has a 1-year low of $16.95 and a 1-year high of $26.83. The firm has a market capitalization of $26.79 million, a P/E ratio of 8.79 and a beta of 1.35. The firm has a 50-day simple moving average of $25.87 and a 200 day simple moving average of $25.77.

Institutional Investors Weigh In On AdvisorShares Gerber Kawasaki ETF

A hedge fund recently raised its stake in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management grew its stake in AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GKFree Report) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 934,728 shares of the company’s stock after acquiring an additional 14,239 shares during the quarter. Gerber Kawasaki Wealth & Investment Management owned about 87.36% of AdvisorShares Gerber Kawasaki ETF worth $23,952,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 91.13% of the company’s stock.

About AdvisorShares Gerber Kawasaki ETF

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The AdvisorShares Gerber Kawasaki ETF (GK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that offers exposure to a portfolio of US growth stocks across multiple investment themes believed to represent top thematic macro opportunities. GK was launched on Jul 2, 2021 and is managed by AdvisorShares.

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