Short Interest in AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) Decreases By 26.5%

AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 1,401 shares, a decrease of 26.5% from the February 26th total of 1,906 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 1,123 shares, the short-interest ratio is currently 1.2 days.

AdvisorShares Gerber Kawasaki ETF Price Performance

GK stock opened at $22.69 on Tuesday. The company’s 50 day simple moving average is $25.14 and its 200-day simple moving average is $25.70. The firm has a market capitalization of $24.28 million, a PE ratio of 7.96 and a beta of 1.35. AdvisorShares Gerber Kawasaki ETF has a 12 month low of $16.95 and a 12 month high of $26.83.

Institutional Investors Weigh In On AdvisorShares Gerber Kawasaki ETF

An institutional investor recently raised its position in AdvisorShares Gerber Kawasaki ETF stock. Gerber Kawasaki Wealth & Investment Management grew its stake in shares of AdvisorShares Gerber Kawasaki ETF (NYSEARCA:GK) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 906,950 shares of the company’s stock after buying an additional 11,955 shares during the period. Gerber Kawasaki Wealth & Investment Management owned 84.76% of AdvisorShares Gerber Kawasaki ETF worth $21,655,000 at the end of the most recent reporting period. 91.13% of the stock is owned by institutional investors.

AdvisorShares Gerber Kawasaki ETF Company Profile

The AdvisorShares Gerber Kawasaki ETF (GK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that offers exposure to a portfolio of US growth stocks across multiple investment themes believed to represent top thematic macro opportunities. GK was launched on Jul 2, 2021 and is managed by AdvisorShares.