Short Interest in Gabelli Growth Innovators ETF (NYSEARCA:GGRW) Increases By 212.6%

Gabelli Growth Innovators ETF (NYSEARCA:GGRW) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 297 shares, a growth of 212.6% from the August 15th total of 95 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 290 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Inflows and Outflows

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

Gabelli Growth Innovators ETF Trading Down 1.1%

NYSEARCA GGRW traded down $0.42 during trading hours on Monday, hitting $36.52. The company’s stock had a trading volume of 18 shares, compared to its average volume of 738. The company has a market capitalization of $7.30 million, a PE ratio of 43.52 and a beta of 1.23. Gabelli Growth Innovators ETF has a 52 week low of $31.44 and a 52 week high of $38.72. The company’s 50-day simple moving average is $37.40 and its two-hundred day simple moving average is $36.21.

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.