AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) Sees Large Decline in Short Interest

AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 108 shares, a decrease of 36.5% from the December 15th total of 170 shares. Based on an average daily volume of 129 shares, the short-interest ratio is currently 0.8 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 129 shares, the short-interest ratio is currently 0.8 days.

AdvisorShares Insiders Advantage ETF Stock Performance

NYSEARCA:SURE traded down $0.58 during trading hours on Friday, reaching $132.39. The stock had a trading volume of 77 shares, compared to its average volume of 198. The stock has a market cap of $50.31 million, a P/E ratio of 14.46 and a beta of 1.00. The stock has a 50 day simple moving average of $127.35 and a 200 day simple moving average of $123.51. AdvisorShares Insiders Advantage ETF has a 12-month low of $98.09 and a 12-month high of $132.97.

Institutional Investors Weigh In On AdvisorShares Insiders Advantage ETF

Several institutional investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP increased its stake 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 worth $434,000 after purchasing an additional 1,312 shares in the last quarter. Flow Traders U.S. LLC bought a new position in AdvisorShares Insiders Advantage ETF in the 3rd quarter worth approximately $235,000. Prime Capital Investment Advisors LLC purchased a new position in AdvisorShares Insiders Advantage ETF in the 3rd quarter valued at approximately $200,000. Jones Financial Companies Lllp raised its holdings in AdvisorShares Insiders Advantage ETF by 97.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,443 shares of the company’s stock valued at $180,000 after acquiring an additional 711 shares during the period. Finally, Osaic Holdings Inc. lifted its position in shares of AdvisorShares Insiders Advantage ETF by 151.0% during the second quarter. Osaic Holdings Inc. now owns 4,761 shares of the company’s stock worth $560,000 after acquiring an additional 2,864 shares in the last quarter.

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.