Short Interest in AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) Increases By 487.1%

AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 4,180 shares, an increase of 487.1% from the June 30th total of 712 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,065 shares, the days-to-cover ratio is currently 3.9 days.

AdvisorShares Insiders Advantage ETF Trading Up 0.6%

Shares of NYSEARCA:SURE traded up $0.84 during midday trading on Friday, hitting $147.18. The stock had a trading volume of 17 shares, compared to its average volume of 338. The company has a market capitalization of $55.93 million, a PE ratio of 14.46 and a beta of 0.91. The stock has a 50 day moving average price of $144.57 and a two-hundred day moving average price of $136.53. AdvisorShares Insiders Advantage ETF has a 1 year low of $115.94 and a 1 year high of $150.05.

Institutional Investors Weigh In On AdvisorShares Insiders Advantage ETF

Hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. purchased a new stake in AdvisorShares Insiders Advantage ETF in the 1st quarter valued at approximately $37,000. Flow Traders U.S. LLC purchased a new position in shares of AdvisorShares Insiders Advantage ETF during the 3rd quarter worth approximately $235,000. Farther Finance Advisors LLC acquired a new stake in shares of AdvisorShares Insiders Advantage ETF in the 4th quarter valued at approximately $265,000. Busey Bank acquired a new stake in shares of AdvisorShares Insiders Advantage ETF in the 4th quarter valued at approximately $382,000. Finally, Susquehanna International Group LLP boosted its stake in shares of AdvisorShares Insiders Advantage ETF by 59.7% in the third 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.

AdvisorShares Insiders Advantage ETF Company Profile

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.