Gabelli Growth Innovators ETF (NYSEARCA:GGRW) Sees Significant Growth in Short Interest

Gabelli Growth Innovators ETF (NYSEARCA:GGRW) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 457 shares, an increase of 87.3% from the April 15th total of 244 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 382 shares, the days-to-cover ratio is currently 1.2 days.

Gabelli Growth Innovators ETF Stock Down 0.2%

Shares of GGRW traded down $0.06 during mid-day trading on Tuesday, hitting $36.43. 288 shares of the company’s stock were exchanged, compared to its average volume of 982. Gabelli Growth Innovators ETF has a 52 week low of $31.00 and a 52 week high of $37.27. The stock’s 50-day simple moving average is $34.65 and its 200-day simple moving average is $34.97. The firm has a market cap of $7.29 million, a price-to-earnings ratio of 43.52 and a beta of 1.25.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Gabelli Growth Innovators ETF stock. Gabelli Funds LLC purchased a new position in shares of Gabelli Growth Innovators ETF (NYSEARCA:GGRW) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 10,000 shares of the company’s stock, valued at approximately $353,000. Gabelli Funds LLC owned approximately 5.88% of Gabelli Growth Innovators ETF at the end of the most recent quarter.

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.