Goldman Sachs ActiveBeta Japan Equity ETF (NYSEARCA:GSJY) Sees Significant Decrease in Short Interest

Goldman Sachs ActiveBeta Japan Equity ETF (NYSEARCA:GSJY) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 1,647 shares, a drop of 49.6% from the May 14th total of 3,271 shares. Based on an average daily volume of 8,517 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Goldman Sachs ActiveBeta Japan Equity ETF Stock Performance

NYSEARCA:GSJY traded up $0.34 during mid-day trading on Friday, hitting $52.08. The stock had a trading volume of 4,094 shares, compared to its average volume of 8,302. Goldman Sachs ActiveBeta Japan Equity ETF has a twelve month low of $40.09 and a twelve month high of $54.30. The stock has a market cap of $83.33 million, a price-to-earnings ratio of 14.30 and a beta of 0.64. The company’s 50 day simple moving average is $51.32 and its 200 day simple moving average is $49.80.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta Japan Equity ETF

Several hedge funds have recently bought and sold shares of GSJY. Wealthfront Advisers LLC acquired a new stake in Goldman Sachs ActiveBeta Japan Equity ETF in the 3rd quarter valued at about $209,000. Jane Street Group LLC lifted its position in Goldman Sachs ActiveBeta Japan Equity ETF by 56.1% during the first quarter. Jane Street Group LLC now owns 95,107 shares of the company’s stock worth $3,661,000 after acquiring an additional 34,188 shares during the last quarter. Finally, Betterment LLC lifted its position in Goldman Sachs ActiveBeta Japan Equity ETF by 6.9% during the third quarter. Betterment LLC now owns 1,061,442 shares of the company’s stock worth $47,871,000 after acquiring an additional 68,292 shares during the last quarter.

About Goldman Sachs ActiveBeta Japan Equity ETF

The Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of Japanese large- and mid-cap equities, with equal weights to each of 4 factor buckets and stocks within each bucket weighted by a factor score. GSJY was launched on Mar 2, 2016 and is managed by Goldman Sachs.