Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) Shares Shorted: Short Interest Down 49.5% in October

Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 1,615 shares, a decline of 49.5% from the September 30th total of 3,196 shares. Based on an average trading volume of 2,007 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Gabelli Financial Services Opportunities ETF

An institutional investor recently raised its stake in Gabelli Financial Services Opportunities ETF stock. Gabelli Funds LLC increased its stake in Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) by 805.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 407,363 shares of the company’s stock after buying an additional 362,363 shares during the period. Gabelli Funds LLC owned about 33.95% of Gabelli Financial Services Opportunities ETF worth $16,954,000 at the end of the most recent reporting period.

Gabelli Financial Services Opportunities ETF Price Performance

GABF traded down $0.41 on Friday, reaching $43.19. The company’s stock had a trading volume of 220 shares, compared to its average volume of 5,881. Gabelli Financial Services Opportunities ETF has a 1 year low of $38.34 and a 1 year high of $48.25. The business’s 50 day moving average is $43.88 and its 200 day moving average is $44.20. The stock has a market cap of $51.83 million, a price-to-earnings ratio of 19.92 and a beta of 1.07.

Gabelli Financial Services Opportunities ETF Company Profile

The Gabelli Financial Services Opportunities ETF (GABF) is an exchange-traded fund that mostly invests in financials equity. The fund is an actively managed, non-transparent fund of US-listed equities of financial services firms. The fund utilizes the Precidian non-transparent model. GABF was launched on May 9, 2022 and is managed by Gabelli.