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

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 363,318 shares, an increase of 98.8% from the July 30th total of 182,746 shares. Based on an average daily volume of 391,922 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.3% of the company’s shares are short sold.

Goldman Sachs ActiveBeta International Equity ETF Stock Down 0.2%

Shares of NYSEARCA GSIE opened at $47.87 on Tuesday. The business has a fifty day simple moving average of $46.82 and a two-hundred day simple moving average of $45.67. The firm has a market cap of $6.11 billion, a PE ratio of 15.44 and a beta of 0.77. Goldman Sachs ActiveBeta International Equity ETF has a twelve month low of $39.95 and a twelve month high of $48.49.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. IFC & Insurance Marketing Inc. bought a new stake in Goldman Sachs ActiveBeta International Equity ETF during the fourth quarter valued at about $31,000. Glenmede Investment Management LP purchased a new stake in shares of Goldman Sachs ActiveBeta International Equity ETF during the third quarter valued at about $37,000. Wealth Watch Advisors INC bought a new stake in shares of Goldman Sachs ActiveBeta International Equity ETF in the 3rd quarter valued at about $49,000. Continuum Advisory LLC bought a new stake in shares of Goldman Sachs ActiveBeta International Equity ETF in the 2nd quarter valued at about $52,000. Finally, Evelyn Partners Asset Management Ltd purchased a new position in shares of Goldman Sachs ActiveBeta International Equity ETF in the 1st quarter worth approximately $54,000.

Goldman Sachs ActiveBeta International Equity ETF Company Profile

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.