AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) Short Interest Up 56.7% in December

AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totaling 2,293 shares, a growth of 56.7% from the December 15th total of 1,463 shares. Based on an average daily trading volume, of 1,204 shares, the short-interest ratio is presently 1.9 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 1,204 shares, the short-interest ratio is presently 1.9 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management increased its stake in shares of AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) by 1.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 920,489 shares of the company’s stock after buying an additional 13,539 shares during the quarter. Gerber Kawasaki Wealth & Investment Management owned 86.03% of AdvisorShares Gerber Kawasaki ETF worth $24,111,000 at the end of the most recent quarter. 91.13% of the stock is currently owned by institutional investors and hedge funds.

AdvisorShares Gerber Kawasaki ETF Price Performance

NYSEARCA:GK opened at $26.58 on Friday. AdvisorShares Gerber Kawasaki ETF has a one year low of $16.95 and a one year high of $26.83. The company has a market cap of $28.44 million, a PE ratio of 9.33 and a beta of 1.35. The firm has a 50-day moving average of $25.80 and a 200-day moving average of $25.56.

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.