Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) Short Interest Up 81.1% in February

Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) was the target of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 21,489 shares, a growth of 81.1% from the January 29th total of 11,865 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 39,180 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 39,180 shares, the short-interest ratio is currently 0.5 days. Currently, 0.5% of the shares of the company are sold short.

Goldman Sachs Future Tech Leaders Equity ETF Stock Down 1.3%

Shares of Goldman Sachs Future Tech Leaders Equity ETF stock traded down $0.57 on Friday, reaching $43.58. 5,615 shares of the stock were exchanged, compared to its average volume of 28,098. The business has a 50 day moving average price of $41.74 and a two-hundred day moving average price of $39.82. The firm has a market capitalization of $191.75 million, a price-to-earnings ratio of 31.43 and a beta of 1.27. Goldman Sachs Future Tech Leaders Equity ETF has a twelve month low of $25.18 and a twelve month high of $44.36.

Institutional Trading of Goldman Sachs Future Tech Leaders Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in GTEK. Flow Traders U.S. LLC purchased a new position in shares of Goldman Sachs Future Tech Leaders Equity ETF during the 2nd quarter valued at about $656,000. CWM LLC boosted its stake in shares of Goldman Sachs Future Tech Leaders Equity ETF by 21.8% in the fourth quarter. CWM LLC now owns 12,331 shares of the company’s stock worth $493,000 after buying an additional 2,208 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Goldman Sachs Future Tech Leaders Equity ETF during the fourth quarter worth about $280,000. NewEdge Advisors LLC raised its position in Goldman Sachs Future Tech Leaders Equity ETF by 19.8% during the fourth quarter. NewEdge Advisors LLC now owns 4,104 shares of the company’s stock valued at $164,000 after acquiring an additional 678 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its holdings in Goldman Sachs Future Tech Leaders Equity ETF by 16.2% in the fourth quarter. Kestra Advisory Services LLC now owns 12,326 shares of the company’s stock valued at $493,000 after acquiring an additional 1,715 shares during the period.

About Goldman Sachs Future Tech Leaders Equity ETF

The Goldman Sachs Future Tech Leaders Equity ETF (GTEK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively invests in potentially growing technology companies that are believed to drive tech innovation around the world. GTEK was launched on Sep 14, 2021 and is managed by Goldman Sachs.