Goldman Sachs Future Health Care Equity ETF (NYSEARCA:GDOC) Sees Significant Decline in Short Interest

Goldman Sachs Future Health Care Equity ETF (NYSEARCA:GDOC) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 38 shares, a drop of 45.7% from the April 30th total of 70 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 2,154 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Goldman Sachs Future Health Care Equity ETF

Hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its stake in shares of Goldman Sachs Future Health Care Equity ETF by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 350,223 shares of the company’s stock valued at $11,285,000 after purchasing an additional 21,319 shares during the period. Susquehanna International Group LLP purchased a new stake in shares of Goldman Sachs Future Health Care Equity ETF during the third quarter valued at approximately $348,000. Finally, J. Mark Nickell & Co. purchased a new stake in shares of Goldman Sachs Future Health Care Equity ETF during the fourth quarter valued at approximately $254,000.

Goldman Sachs Future Health Care Equity ETF Price Performance

GDOC opened at $33.47 on Monday. The firm has a market capitalization of $23.43 million, a P/E ratio of 28.36 and a beta of 0.76. The firm’s 50 day moving average is $32.52 and its 200-day moving average is $34.31. Goldman Sachs Future Health Care Equity ETF has a 52-week low of $30.56 and a 52-week high of $37.33.

About Goldman Sachs Future Health Care Equity ETF

The Goldman Sachs Future Health Care Equity ETF (GDOC) is an exchange-traded fund that mostly invests in health care equity. The fund is actively managed to provide exposure to equities of companies that are driving innovation in healthcare globally. GDOC was launched on Nov 9, 2021 and is managed by Goldman Sachs.