A little help please

gasket

Ambassador of the Guitarded
Two weeks back I missed a lesson, last week teacher gave a copy of "Brown Eyed Girl" to catch on.
Finding the intro challenging but working hard on it, I understand, just a matter of getting some kind of speed going.
A little into the music I come across this (red circle) symbol, new to me!
Is it a long rest, a repeat of previous bar or something else?
Help please.

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