Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Stock Short Interest Falls 67.3%

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) was the target of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 156,079 shares, a drop of 67.3% from the October 15th total of 477,523 shares. Based on an average trading volume of 367,630 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bleakley Financial Group LLC boosted its stake in shares of Goldman Sachs ActiveBeta International Equity ETF by 10.2% during the 3rd quarter. Bleakley Financial Group LLC now owns 144,393 shares of the company’s stock valued at $6,619,000 after purchasing an additional 13,314 shares in the last quarter. FCA Corp TX purchased a new position in shares of Goldman Sachs ActiveBeta International Equity ETF during the third quarter valued at about $12,201,000. Private Advisor Group LLC bought a new position in Goldman Sachs ActiveBeta International Equity ETF in the third quarter worth about $3,953,000. Ieq Capital LLC raised its stake in Goldman Sachs ActiveBeta International Equity ETF by 23.6% in the third quarter. Ieq Capital LLC now owns 13,858 shares of the company’s stock worth $635,000 after buying an additional 2,645 shares in the last quarter. Finally, Vawter Financial Ltd. bought a new position in Goldman Sachs ActiveBeta International Equity ETF in the third quarter worth about $10,739,000.

Goldman Sachs ActiveBeta International Equity ETF Price Performance

Goldman Sachs ActiveBeta International Equity ETF stock traded up $0.04 during trading hours on Friday, reaching $46.45. The company had a trading volume of 190,297 shares, compared to its average volume of 478,190. Goldman Sachs ActiveBeta International Equity ETF has a 12-month low of $40.05 and a 12-month high of $48.49. The company has a 50-day moving average price of $46.47 and a 200 day moving average price of $45.87. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of 16.11 and a beta of 0.78.

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.