Short Interest in Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) Declines By 47.0%

Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 1,088 shares, a decline of 47.0% from the February 26th total of 2,052 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 5,872 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Gabelli Financial Services Opportunities ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Susquehanna International Group LLP boosted its holdings in shares of Gabelli Financial Services Opportunities ETF by 22.1% in the third quarter. Susquehanna International Group LLP now owns 11,107 shares of the company’s stock valued at $535,000 after acquiring an additional 2,012 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in Gabelli Financial Services Opportunities ETF in the second quarter valued at about $1,032,000. Gabelli Funds LLC purchased a new stake in Gabelli Financial Services Opportunities ETF in the 4th quarter valued at approximately $2,079,000. Carter Financial Group INC. acquired a new position in Gabelli Financial Services Opportunities ETF during the 2nd quarter worth approximately $2,882,000. Finally, Gamco Investors INC. ET AL increased its position in Gabelli Financial Services Opportunities ETF by 1,062.1% during the 4th quarter. Gamco Investors INC. ET AL now owns 214,520 shares of the company’s stock worth $9,911,000 after purchasing an additional 196,060 shares during the period.

Gabelli Financial Services Opportunities ETF Stock Down 0.2%

NYSEARCA GABF opened at $41.20 on Friday. The firm has a market cap of $45.32 million, a P/E ratio of 19.92 and a beta of 1.14. Gabelli Financial Services Opportunities ETF has a 52-week low of $36.75 and a 52-week high of $49.81. The business’s 50-day moving average price is $43.89 and its 200 day moving average price is $46.05.

About Gabelli Financial Services Opportunities ETF

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.