Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) Sees Large Drop in Short Interest

Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 1,615 shares, a drop of 49.5% from the September 30th total of 3,196 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 2,007 shares, the short-interest ratio is currently 0.8 days.

Gabelli Financial Services Opportunities ETF Price Performance

GABF stock traded down $0.41 during trading on Friday, hitting $43.19. 220 shares of the company traded hands, compared to its average volume of 5,881. Gabelli Financial Services Opportunities ETF has a 1 year low of $38.34 and a 1 year high of $48.25. The company has a market cap of $51.83 million, a PE ratio of 19.92 and a beta of 1.07. The stock’s 50-day simple moving average is $43.88 and its 200 day simple moving average is $44.20.

Institutional Trading of Gabelli Financial Services Opportunities ETF

A hedge fund recently raised its position in Gabelli Financial Services Opportunities ETF stock. Gabelli Funds LLC boosted its position in shares of Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) by 805.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 407,363 shares of the company’s stock after buying an additional 362,363 shares during the period. Gabelli Funds LLC owned 33.95% of Gabelli Financial Services Opportunities ETF worth $16,954,000 at the end of the most recent quarter.

About Gabelli Financial Services Opportunities ETF

The Gabelli Financial Services Opportunities ETF (GABF) is an exchange-traded fund that mostly invests in financials equity. The fund is an actively managed, non-transparent fund of US-listed equities of financial services firms. The fund utilizes the Precidian non-transparent model. GABF was launched on May 9, 2022 and is managed by Gabelli.