Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) Stock Short Interest Rises 255.2%

Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 20,717 shares, an increase of 255.2% from the September 30th total of 5,833 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 7,483 shares, the days-to-cover ratio is currently 2.8 days.

Hedge Funds Weigh In On Gadsden Dynamic Multi-Asset ETF

A hedge fund recently bought a new position in Gadsden Dynamic Multi-Asset ETF stock. Redwood Wealth Management Group LLC bought a new position in Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 7,693 shares of the company’s stock, valued at approximately $313,000. Redwood Wealth Management Group LLC owned about 0.21% of Gadsden Dynamic Multi-Asset ETF as of its most recent SEC filing.

Gadsden Dynamic Multi-Asset ETF Stock Performance

Gadsden Dynamic Multi-Asset ETF stock opened at $40.42 on Wednesday. Gadsden Dynamic Multi-Asset ETF has a fifty-two week low of $37.48 and a fifty-two week high of $44.04. The stock has a market cap of $147.94 million, a P/E ratio of 18.40 and a beta of 0.10. The firm’s fifty day moving average price is $41.44 and its 200-day moving average price is $41.65.

About Gadsden Dynamic Multi-Asset ETF

The Alpha Architect Gadsden Dynamic Multi-Asset ETF (GDMA) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed portfolio that may hold any asset class. The fund seeks total return. GDMA was launched on Nov 14, 2018 and is managed by Gadsden.