Short Interest in Guru Favorite Stocks ETF (NASDAQ:GFGF) Decreases By 49.2%

Guru Favorite Stocks ETF (NASDAQ:GFGF) was the target of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 134 shares, a decrease of 49.2% from the July 30th total of 264 shares. Based on an average daily trading volume, of 6,677 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Guru Favorite Stocks ETF stock. Royal Bank of Canada lifted its holdings in shares of Guru Favorite Stocks ETF (NASDAQ:GFGF) by 96.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,750 shares of the company’s stock after purchasing an additional 6,269 shares during the period. Royal Bank of Canada owned 1.20% of Guru Favorite Stocks ETF worth $390,000 as of its most recent filing with the SEC.

Guru Favorite Stocks ETF Trading Up 0.0%

GFGF stock opened at $37.01 on Tuesday. The stock has a market capitalization of $38.12 million, a P/E ratio of 31.06 and a beta of 1.05. The firm has a 50-day moving average price of $36.04 and a 200-day moving average price of $34.66. Guru Favorite Stocks ETF has a 12 month low of $30.65 and a 12 month high of $37.01.

Guru Favorite Stocks ETF Company Profile

The Guru Favorite Stocks ETF Guru Favorite Stocks Fund (GFGF) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects US-listed companies that are favored by prominent long-term investors. GFGF was launched on Dec 16, 2021 and is managed by Alpha Architect.