AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) Sees Large Decrease in Short Interest

AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 1,665 shares, a drop of 57.5% from the July 15th total of 3,918 shares. Based on an average daily trading volume, of 988 shares, the short-interest ratio is currently 1.7 days. Approximately 0.2% of the company’s stock are sold short.

AdvisorShares Gerber Kawasaki ETF Price Performance

NYSEARCA:GK remained flat at $29.93 during trading hours on Monday. The company’s stock had a trading volume of 2,814 shares, compared to its average volume of 1,344. The firm has a 50-day moving average price of $28.93 and a 200-day moving average price of $27.17. AdvisorShares Gerber Kawasaki ETF has a 1-year low of $22.69 and a 1-year high of $30.20. The firm has a market capitalization of $32.62 million, a PE ratio of 10.50 and a beta of 1.38.

Institutional Trading of AdvisorShares Gerber Kawasaki ETF

A hedge fund recently raised its position in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management lifted its position in AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 934,728 shares of the company’s stock after buying an additional 14,239 shares during the period. Gerber Kawasaki Wealth & Investment Management owned about 87.36% of AdvisorShares Gerber Kawasaki ETF worth $23,952,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 91.13% of the company’s stock.

AdvisorShares Gerber Kawasaki ETF Company Profile

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. GK was launched on Jul 2, 2021 and is managed by AdvisorShares.