Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) Sees Significant Increase in Short Interest

Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 13,934 shares, an increase of 469.9% from the December 31st total of 2,445 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average trading volume of 32,809 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 32,809 shares, the short-interest ratio is presently 0.4 days. Currently, 1.3% of the company’s stock are short sold.

Gabelli Financial Services Opportunities ETF Stock Down 0.5%

Gabelli Financial Services Opportunities ETF stock opened at $46.07 on Wednesday. The firm has a market cap of $50.68 million, a price-to-earnings ratio of 19.92 and a beta of 1.14. The business’s 50-day moving average price is $46.82 and its 200 day moving average price is $47.52. Gabelli Financial Services Opportunities ETF has a 52 week low of $36.75 and a 52 week high of $49.81.

Gabelli Financial Services Opportunities ETF Announces Dividend

The firm also recently declared an annual dividend, which was paid on Friday, January 9th. Investors of record on Monday, December 29th were issued a $0.9068 dividend. This represents a yield of 194.0%. The ex-dividend date of this dividend was Monday, December 29th.

Institutional Trading of Gabelli Financial Services Opportunities ETF

Several institutional investors and hedge funds have recently modified their holdings of GABF. Carter Financial Group INC. boosted its stake in shares of Gabelli Financial Services Opportunities ETF by 0.5% in the 3rd quarter. Carter Financial Group INC. now owns 61,032 shares of the company’s stock valued at $2,942,000 after purchasing an additional 303 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in shares of Gabelli Financial Services Opportunities ETF by 0.3% during the 2nd quarter. Gamco Investors INC. ET AL now owns 227,870 shares of the company’s stock worth $10,812,000 after buying an additional 585 shares during the last quarter. Susquehanna International Group LLP raised its holdings in Gabelli Financial Services Opportunities ETF by 22.1% in the 3rd quarter. Susquehanna International Group LLP now owns 11,107 shares of the company’s stock valued at $535,000 after buying an additional 2,012 shares during the last quarter. Finally, Thrivent Financial for Lutherans bought a new position in shares of Gabelli Financial Services Opportunities ETF in the 2nd quarter worth about $1,032,000.

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.