AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Get Free Report) saw a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 5,200 shares, an increase of 116.7% from the May 15th total of 2,400 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 2,400 shares, the days-to-cover ratio is currently 2.2 days.
AdvisorShares Gerber Kawasaki ETF Stock Down 0.9%
Shares of GK opened at $22.57 on Friday. AdvisorShares Gerber Kawasaki ETF has a 12-month low of $16.95 and a 12-month high of $23.00. The business’s fifty day moving average is $20.87 and its 200 day moving average is $21.29. The stock has a market cap of $24.15 million, a P/E ratio of 37.87 and a beta of 1.34.
Hedge Funds Weigh In On AdvisorShares Gerber Kawasaki ETF
A hedge fund recently raised its stake in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management increased its position in AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK – Free Report) by 7.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 882,506 shares of the company’s stock after purchasing an additional 61,530 shares during the period. AdvisorShares Gerber Kawasaki ETF makes up 0.8% of Gerber Kawasaki Wealth & Investment Management’s investment portfolio, making the stock its 29th largest holding. Gerber Kawasaki Wealth & Investment Management owned about 85.68% of AdvisorShares Gerber Kawasaki ETF worth $19,216,000 at the end of the most recent quarter.
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.
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