Gabelli Growth Innovators ETF (NYSEARCA:GGRW) Sees Significant Decrease in Short Interest

Gabelli Growth Innovators ETF (NYSEARCA:GGRW) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 198 shares, a decrease of 56.7% from the April 30th total of 457 shares. Based on an average daily volume of 427 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Trading of Gabelli Growth Innovators ETF

An institutional investor recently bought a new position in Gabelli Growth Innovators ETF stock. Gamco Investors INC. ET AL bought a new position in shares of Gabelli Growth Innovators ETF (NYSEARCA:GGRW) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $3,526,000. Gamco Investors INC. ET AL owned 58.82% of Gabelli Growth Innovators ETF as of its most recent SEC filing.

Gabelli Growth Innovators ETF Stock Performance

Shares of GGRW traded up $0.12 during midday trading on Friday, hitting $37.61. 108 shares of the stock were exchanged, compared to its average volume of 954. Gabelli Growth Innovators ETF has a 52-week low of $31.44 and a 52-week high of $37.61. The stock has a fifty day simple moving average of $35.24 and a 200 day simple moving average of $35.05. The firm has a market cap of $7.52 million, a P/E ratio of 43.52 and a beta of 1.25.

Gabelli Growth Innovators ETF Company Profile

The Gabelli Growth Innovators ETF (GGRW) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed, non-transparent fund that seeks growth of capital and income by targeting US-listed companies with high future earnings potential relative to their current market value and considered to be innovative in their industry. The fund utilizes the Precidian non-transparent model. GGRW was launched on Feb 16, 2021 and is managed by Gabelli.