AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Get Free Report) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 6,786 shares, a growth of 145.7% from the June 15th total of 2,762 shares. Based on an average trading volume of 2,211 shares, the short-interest ratio is currently 3.1 days. Approximately 0.6% of the shares of the company are short sold.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management lifted its position in AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Free Report) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 934,728 shares of the company’s stock after buying an additional 14,239 shares during the quarter. Gerber Kawasaki Wealth & Investment Management owned approximately 87.36% of AdvisorShares Gerber Kawasaki ETF worth $23,952,000 at the end of the most recent quarter. 91.13% of the stock is owned by institutional investors and hedge funds.
AdvisorShares Gerber Kawasaki ETF Stock Down 0.1%
Shares of NYSEARCA:GK traded down $0.02 during midday trading on Wednesday, reaching $28.90. 1,377 shares of the company traded hands, compared to its average volume of 1,380. AdvisorShares Gerber Kawasaki ETF has a 12 month low of $22.69 and a 12 month high of $30.20. The firm has a market capitalization of $31.50 million, a price-to-earnings ratio of 10.14 and a beta of 1.38. The firm’s fifty day moving average price is $29.08 and its two-hundred day moving average price is $26.76.
AdvisorShares Gerber Kawasaki ETF Company Profile
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.
Further Reading
- Five stocks we like better than AdvisorShares Gerber Kawasaki ETF
- Why Johnson & Johnson’s Earnings Dip Looks Like a Buying Opportunity
- CPI Comes In Cool: Why It Could Revive These 3 Rate-Sensitive Stocks
- Why ASML’s AI Monopoly Is Still Getting Stronger
- Apple’s AI Toll Booth Thesis Faces Its Biggest Test Yet Before Earnings
Receive News & Ratings for AdvisorShares Gerber Kawasaki ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AdvisorShares Gerber Kawasaki ETF and related companies with MarketBeat.com's FREE daily email newsletter.
