Gabelli Financial Services Opportunities ETF (NYSEARCA:GABF) Sees Significant Increase in Short Interest
by Michael Walen · The Markets DailyGabelli Financial Services Opportunities ETF (NYSEARCA:GABF – Get Free Report) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 10,131 shares, a growth of 1,652.8% from the July 30th total of 578 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average trading volume of 7,683 shares, the days-to-cover ratio is currently 1.3 days.
Institutional Investors Weigh In On Gabelli Financial Services Opportunities ETF
Hedge funds have recently made changes to their positions in the business. Mirae Asset Securities USA Inc. bought a new stake in shares of Gabelli Financial Services Opportunities ETF during the 1st quarter worth $236,000. Susquehanna International Group LLP grew its position in Gabelli Financial Services Opportunities ETF by 22.1% during the third quarter. Susquehanna International Group LLP now owns 11,107 shares of the company’s stock valued at $535,000 after buying an additional 2,012 shares during the period. Thrivent Financial for Lutherans bought a new position in Gabelli Financial Services Opportunities ETF during the second quarter valued at about $1,032,000. Gabelli Funds LLC purchased a new position in Gabelli Financial Services Opportunities ETF in the fourth quarter valued at about $2,079,000. Finally, Carter Financial Group INC. grew its position in shares of Gabelli Financial Services Opportunities ETF by 5.8% during the 4th quarter. Carter Financial Group INC. now owns 64,553 shares of the company’s stock valued at $3,040,000 after acquiring an additional 3,521 shares during the period.
Gabelli Financial Services Opportunities ETF Stock Up 0.5%
Gabelli Financial Services Opportunities ETF stock traded up $0.25 during mid-day trading on Tuesday, reaching $46.92. 3,557 shares of the company’s stock were exchanged, compared to its average volume of 7,104. The business’s fifty day simple moving average is $45.46 and its 200 day simple moving average is $44.09. Gabelli Financial Services Opportunities ETF has a one year low of $38.34 and a one year high of $49.81. The firm has a market capitalization of $51.61 million, a PE ratio of 19.92 and a beta of 1.05.
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.