Short Interest in AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) Declines By 41.8%

AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 170 shares, a decline of 41.8% from the November 30th total of 292 shares. Based on an average daily volume of 296 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 296 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of AdvisorShares Insiders Advantage ETF

A number of large investors have recently made changes to their positions in SURE. Ameritas Advisory Services LLC acquired a new position in AdvisorShares Insiders Advantage ETF in the 2nd quarter valued at about $73,000. Jones Financial Companies Lllp grew its holdings in shares of AdvisorShares Insiders Advantage ETF by 97.1% during the third quarter. Jones Financial Companies Lllp now owns 1,443 shares of the company’s stock worth $180,000 after buying an additional 711 shares in the last quarter. Susquehanna International Group LLP raised its position in shares of 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 last quarter. Prime Capital Investment Advisors LLC purchased a new position in shares of AdvisorShares Insiders Advantage ETF during the third quarter valued at approximately $200,000. Finally, Flow Traders U.S. LLC acquired a new stake in AdvisorShares Insiders Advantage ETF during the third quarter worth approximately $235,000.

AdvisorShares Insiders Advantage ETF Price Performance

NYSEARCA:SURE traded down $0.40 during trading hours on Monday, reaching $128.96. 288 shares of the company traded hands, compared to its average volume of 330. The firm’s 50-day moving average is $125.04 and its 200-day moving average is $122.03. The stock has a market cap of $49.00 million, a P/E ratio of 14.46 and a beta of 1.00. AdvisorShares Insiders Advantage ETF has a 1-year low of $98.09 and a 1-year high of $130.38.

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.