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

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 477,523 shares, a growth of 893.8% from the September 30th total of 48,052 shares. Based on an average daily volume of 545,394 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.4% of the company’s shares are sold short.

Goldman Sachs ActiveBeta International Equity ETF Trading Up 0.4%

GSIE traded up $0.17 during trading on Monday, hitting $46.05. 302,193 shares of the company’s stock were exchanged, compared to its average volume of 480,935. The stock has a 50 day moving average price of $46.89 and a 200 day moving average price of $45.71. Goldman Sachs ActiveBeta International Equity ETF has a 1 year low of $40.05 and a 1 year high of $48.49. The firm has a market cap of $5.93 billion, a P/E ratio of 15.44 and a beta of 0.77.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta International Equity ETF

Large investors have recently modified their holdings of the stock. Root Financial Partners LLC grew its position in Goldman Sachs ActiveBeta International Equity ETF by 5.7% in the first quarter. Root Financial Partners LLC now owns 4,835 shares of the company’s stock valued at $209,000 after acquiring an additional 259 shares in the last quarter. Marino Stram & Associates LLC raised its stake in shares of Goldman Sachs ActiveBeta International Equity ETF by 3.3% during the first quarter. Marino Stram & Associates LLC now owns 8,287 shares of the company’s stock valued at $357,000 after purchasing an additional 261 shares during the period. Clearwater Capital Advisors LLC raised its stake in shares of Goldman Sachs ActiveBeta International Equity ETF by 0.4% during the first quarter. Clearwater Capital Advisors LLC now owns 65,014 shares of the company’s stock valued at $2,804,000 after purchasing an additional 270 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 2.6% during the third quarter. Farther Finance Advisors LLC now owns 13,911 shares of the company’s stock worth $638,000 after purchasing an additional 353 shares in the last quarter. Finally, Harbor Investment Advisory LLC lifted its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 30.2% during the first quarter. Harbor Investment Advisory LLC now owns 1,845 shares of the company’s stock worth $80,000 after purchasing an additional 428 shares in the last quarter.

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.