Goldman Sachs ActiveBeta Japan Equity ETF (NYSEARCA:GSJY) Sees Significant Decrease in Short Interest

Goldman Sachs ActiveBeta Japan Equity ETF (NYSEARCA:GSJY) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 220 shares, a drop of 95.0% from the July 30th total of 4,423 shares. Based on an average daily volume of 18,106 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GSJY. Wealthfront Advisers LLC boosted its position in shares of Goldman Sachs ActiveBeta Japan Equity ETF by 10.8% in the fourth quarter. Wealthfront Advisers LLC now owns 5,139 shares of the company’s stock worth $239,000 after acquiring an additional 502 shares during the last quarter. Jane Street Group LLC raised its stake in Goldman Sachs ActiveBeta Japan Equity ETF by 56.1% during the first quarter. Jane Street Group LLC now owns 95,107 shares of the company’s stock worth $3,661,000 after purchasing an additional 34,188 shares during the period. Finally, Betterment LLC raised its stake in Goldman Sachs ActiveBeta Japan Equity ETF by 0.8% during the fourth quarter. Betterment LLC now owns 1,069,668 shares of the company’s stock worth $49,836,000 after purchasing an additional 8,226 shares during the period.

Goldman Sachs ActiveBeta Japan Equity ETF Stock Down 0.1%

Shares of NYSEARCA:GSJY traded down $0.04 during midday trading on Thursday, reaching $54.59. The company’s stock had a trading volume of 825 shares, compared to its average volume of 8,299. The firm has a market cap of $87.34 million, a price-to-earnings ratio of 14.30 and a beta of 0.64. The business has a 50 day moving average price of $53.17 and a 200 day moving average price of $51.80. Goldman Sachs ActiveBeta Japan Equity ETF has a 1 year low of $43.67 and a 1 year high of $56.34.

Goldman Sachs ActiveBeta Japan Equity ETF Company Profile

The Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of Japanese large- and mid-cap equities, with equal weights to each of 4 factor buckets and stocks within each bucket weighted by a factor score. GSJY was launched on Mar 2, 2016 and is managed by Goldman Sachs.