Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Sees Significant Drop in Short Interest

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 239,197 shares, a drop of 44.9% from the June 15th total of 433,870 shares. Based on an average trading volume of 79,879 shares, the short-interest ratio is currently 3.0 days. Approximately 0.7% of the shares of the stock are short sold.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Trading Down 1.6%

Shares of GEM stock traded down $0.79 during mid-day trading on Thursday, reaching $49.03. The stock had a trading volume of 117,681 shares, compared to its average volume of 141,126. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 52-week low of $36.97 and a 52-week high of $54.29. The firm has a market capitalization of $1.65 billion, a PE ratio of 13.33 and a beta of 0.70. The stock’s 50-day moving average price is $51.08 and its two-hundred day moving average price is $47.27.

Institutional Trading of Goldman Sachs ActiveBeta Emerging Markets Equity ETF

Several large investors have recently modified their holdings of the company. Advisortrust Partners LLC bought a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 1st quarter valued at $42,000. Harbor Asset Planning Inc. boosted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 196.4% during the first quarter. Harbor Asset Planning Inc. now owns 993 shares of the company’s stock valued at $43,000 after purchasing an additional 658 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the fourth quarter valued at approximately $42,000. Global Assets Advisory LLC acquired a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 1st quarter valued at $47,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 261.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,051 shares of the company’s stock valued at $85,000 after buying an additional 1,484 shares during the period.

About Goldman Sachs ActiveBeta Emerging Markets Equity ETF

The Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of emerging market stocks comprising 4 sub-indexes: value, momentum, quality, and low volatility. The index uses multiple factors to pick stocks, and each sub-index receives equal weight. GEM was launched on Sep 29, 2015 and is managed by Goldman Sachs.