AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) Stock Short Interest Drops 45.1%

AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 2,194 shares, a decline of 45.1% from the September 15th total of 3,996 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 1,398 shares, the short-interest ratio is currently 1.6 days.

AdvisorShares Insiders Advantage ETF Stock Down 0.6%

Shares of SURE stock traded down $0.88 during trading hours on Friday, reaching $151.33. 2,121 shares of the company’s stock were exchanged, compared to its average volume of 400. AdvisorShares Insiders Advantage ETF has a fifty-two week low of $119.19 and a fifty-two week high of $153.29. The stock has a market capitalization of $57.51 million, a P/E ratio of 14.46 and a beta of 0.92. The business has a fifty day moving average price of $149.15 and a 200-day moving average price of $144.12.

Hedge Funds Weigh In On AdvisorShares Insiders Advantage ETF

A hedge fund recently bought a new stake in AdvisorShares Insiders Advantage ETF stock. PNC Financial Services Group Inc. bought a new stake in shares of AdvisorShares Insiders Advantage ETF (NYSEARCA:SURE) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 294 shares of the company’s stock, valued at approximately $37,000. PNC Financial Services Group Inc. owned about 0.08% of AdvisorShares Insiders Advantage ETF at the end of the most recent reporting period.

AdvisorShares Insiders Advantage ETF Company Profile

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.