Short Interest in Guru Favorite Stocks ETF (NASDAQ:GFGF) Expands By 7,600.0%

Guru Favorite Stocks ETF (NASDAQ:GFGF) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 7,700 shares, a growth of 7,600.0% from the February 29th total of 100 shares. Based on an average daily trading volume, of 2,800 shares, the days-to-cover ratio is presently 2.8 days.

Institutional Investors Weigh In On Guru Favorite Stocks ETF

A hedge fund recently raised its stake in Guru Favorite Stocks ETF stock. Royal Bank of Canada increased its stake in shares of Guru Favorite Stocks ETF (NASDAQ:GFGF) by 1,094.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,862 shares of the company’s stock after acquiring an additional 22,780 shares during the quarter. Royal Bank of Canada owned about 1.78% of Guru Favorite Stocks ETF worth $569,000 at the end of the most recent quarter.

Guru Favorite Stocks ETF Stock Up 0.6 %

Shares of Guru Favorite Stocks ETF stock opened at $27.43 on Thursday. The stock’s 50-day simple moving average is $26.46 and its 200-day simple moving average is $24.26. The company has a market capitalization of $38.40 million, a price-to-earnings ratio of 26.05 and a beta of 1.08. Guru Favorite Stocks ETF has a 52 week low of $20.32 and a 52 week high of $27.73.

Guru Favorite Stocks ETF Company Profile

The Guru Favorite Stocks ETF Guru Favorite Stocks Fund (GFGF) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects US-listed companies that are favored by prominent long-term investors. GFGF was launched on Dec 16, 2021 and is managed by Alpha Architect.