AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) Short Interest Up 159.2% in June

AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 775 shares, an increase of 159.2% from the May 31st total of 299 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 443 shares, the short-interest ratio is presently 1.7 days.

Institutional Trading of AdvisorShares Insiders Advantage ETF

A number of large investors have recently bought and sold shares of the business. Osaic Holdings Inc. lifted its stake in shares of AdvisorShares Insiders Advantage ETF by 151.0% in the 2nd quarter. Osaic Holdings Inc. now owns 4,761 shares of the company’s stock valued at $560,000 after purchasing an additional 2,864 shares during the period. Flow Traders U.S. LLC acquired a new position in AdvisorShares Insiders Advantage ETF in the third quarter valued at approximately $235,000. Susquehanna International Group LLP lifted its stake in AdvisorShares Insiders Advantage ETF by 59.7% in the third quarter. Susquehanna International Group LLP now owns 3,510 shares of the company’s stock valued at $434,000 after buying an additional 1,312 shares during the period. Farther Finance Advisors LLC bought a new position in shares of AdvisorShares Insiders Advantage ETF during the 4th quarter worth approximately $265,000. Finally, Busey Bank bought a new position in shares of AdvisorShares Insiders Advantage ETF during the 4th quarter worth approximately $382,000.

AdvisorShares Insiders Advantage ETF Stock Performance

Shares of SURE stock opened at $146.06 on Monday. AdvisorShares Insiders Advantage ETF has a 1-year low of $113.00 and a 1-year high of $147.63. The stock has a market cap of $55.50 million, a price-to-earnings ratio of 14.46 and a beta of 0.92. The stock has a 50-day moving average of $139.91 and a 200-day moving average of $133.85.

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.