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

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 348,453 shares, an increase of 176.9% from the September 30th total of 125,851 shares. Based on an average trading volume of 208,720 shares, the short-interest ratio is currently 1.7 days. Currently, 1.0% of the company’s shares are short sold.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Price Performance

Shares of GEM stock traded down $1.37 during trading hours on Friday, reaching $46.58. 106,867 shares of the company’s stock were exchanged, compared to its average volume of 136,781. The company’s 50 day moving average is $50.60 and its two-hundred day moving average is $48.60. The company has a market cap of $1.64 billion, a P/E ratio of 13.33 and a beta of 0.71. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 1 year low of $40.18 and a 1 year high of $54.29.

Institutional Trading of Goldman Sachs ActiveBeta Emerging Markets Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Founders Financial Securities LLC bought a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter valued at approximately $329,000. D.A. Davidson & CO. bought a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the third quarter worth $319,000. Sigma Planning Corp purchased a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter worth approximately $398,000. Root Financial Partners LLC bought a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 3rd quarter worth approximately $52,000. Finally, Arvest Investments Inc. bought a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 3rd quarter valued at about $22,266,000.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Company Profile

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.