AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE – Get Free Report) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 2,194 shares, a decrease of 45.1% from the September 15th total of 3,996 shares. Based on an average daily trading volume, of 1,398 shares, the short-interest ratio is currently 1.6 days. Approximately 0.6% of the company’s shares are sold short.
Institutional Trading of AdvisorShares Insiders Advantage ETF
An institutional investor recently raised its stake in AdvisorShares Insiders Advantage ETF stock. Waverly Advisors LLC lifted its stake in shares of AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE – Free Report) by 2.5% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 6,410 shares of the company’s stock after buying an additional 159 shares during the quarter. Waverly Advisors LLC owned about 1.69% of AdvisorShares Insiders Advantage ETF worth $815,000 as of its most recent SEC filing.
AdvisorShares Insiders Advantage ETF Trading Up 1.9%
Shares of AdvisorShares Insiders Advantage ETF stock traded up $2.77 during trading on Thursday, reaching $151.84. The stock had a trading volume of 511 shares, compared to its average volume of 391. The company has a market capitalization of $57.70 million, a price-to-earnings ratio of 14.46 and a beta of 0.92. The stock has a fifty day moving average price of $149.13 and a two-hundred day moving average price of $143.88. AdvisorShares Insiders Advantage ETF has a 52 week low of $119.19 and a 52 week high of $153.29.
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.
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