Short Interest in AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) Drops By 60.9%

AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 2,762 shares, a decline of 60.9% from the May 31st total of 7,069 shares. Based on an average daily volume of 2,009 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

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

AdvisorShares Gerber Kawasaki ETF Stock Up 1.6%

Shares of GK traded up $0.46 during trading hours on Monday, hitting $29.24. The company had a trading volume of 969 shares, compared to its average volume of 1,376. The business has a fifty day moving average of $28.50 and a 200-day moving average of $26.45. The firm has a market cap of $31.29 million, a price-to-earnings ratio of 10.26 and a beta of 1.38. AdvisorShares Gerber Kawasaki ETF has a 12 month low of $22.69 and a 12 month high of $30.20.

About AdvisorShares Gerber Kawasaki ETF

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.