Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Sees Large Growth in Short Interest

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 496,503 shares, an increase of 35.1% from the February 26th total of 367,594 shares. Based on an average daily trading volume, of 636,632 shares, the short-interest ratio is currently 0.8 days. Currently, 0.4% of the shares of the stock are short sold.

Goldman Sachs ActiveBeta International Equity ETF Price Performance

Shares of NYSEARCA:GSIE opened at $41.86 on Tuesday. The company has a market capitalization of $4.92 billion, a P/E ratio of 15.44 and a beta of 0.84. Goldman Sachs ActiveBeta International Equity ETF has a 1 year low of $31.73 and a 1 year high of $46.86. The business’s 50 day simple moving average is $44.61 and its 200 day simple moving average is $42.89.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Allworth Financial LP lifted its stake in shares of Goldman Sachs ActiveBeta International Equity ETF by 8.6% during the 3rd quarter. Allworth Financial LP now owns 3,096 shares of the company’s stock valued at $127,000 after buying an additional 244 shares in the last quarter. Fifth Third Securities Inc. grew its stake in Goldman Sachs ActiveBeta International Equity ETF by 1.7% in the 4th quarter. Fifth Third Securities Inc. now owns 15,459 shares of the company’s stock valued at $664,000 after buying an additional 252 shares in the last quarter. Prudent Man Advisors LLC raised its holdings in Goldman Sachs ActiveBeta International Equity ETF by 4.1% during the 4th quarter. Prudent Man Advisors LLC now owns 7,563 shares of the company’s stock valued at $325,000 after acquiring an additional 300 shares during the period. Truist Financial Corp lifted its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 2.4% during the fourth quarter. Truist Financial Corp now owns 21,275 shares of the company’s stock worth $914,000 after acquiring an additional 507 shares in the last quarter. Finally, Kestra Advisory Services LLC boosted its holdings in shares of Goldman Sachs ActiveBeta International Equity ETF by 6.2% in the fourth quarter. Kestra Advisory Services LLC now owns 8,868 shares of the company’s stock worth $381,000 after acquiring an additional 515 shares during the period.

About Goldman Sachs ActiveBeta International Equity ETF

The Goldman Sachs ActiveBeta International Equity ETF (GSIE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of stocks in developed markets outside of the US comprising four sub-indices: value, momentum, quality and low volatility. The index uses multiple factors to pick stocks, and each sub-index receives equal weight. GSIE was launched on Nov 6, 2015 and is managed by Goldman Sachs.