Goldman Sachs Access Emerging Markets USD Bond ETF (BATS:GEMD) Sees Significant Growth in Short Interest

Goldman Sachs Access Emerging Markets USD Bond ETF (BATS:GEMD) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 6,392 shares, a growth of 125.5% from the May 14th total of 2,835 shares. Based on an average daily trading volume, of 4,388 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.9% of the shares of the stock are short sold.

Goldman Sachs Access Emerging Markets USD Bond ETF Price Performance

Shares of GEMD stock opened at $42.39 on Monday. The stock has a 50-day simple moving average of $42.08 and a 200 day simple moving average of $42.32. Goldman Sachs Access Emerging Markets USD Bond ETF has a fifty-two week low of $40.35 and a fifty-two week high of $43.26.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. NewEdge Advisors LLC boosted its stake in Goldman Sachs Access Emerging Markets USD Bond ETF by 13.3% during the first quarter. NewEdge Advisors LLC now owns 8,448 shares of the company’s stock valued at $342,000 after buying an additional 990 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Goldman Sachs Access Emerging Markets USD Bond ETF by 177.9% in the 1st quarter. Jane Street Group LLC now owns 40,509 shares of the company’s stock valued at $1,641,000 after purchasing an additional 25,931 shares during the period. Finally, Betterment LLC boosted its position in shares of Goldman Sachs Access Emerging Markets USD Bond ETF by 7.7% in the 3rd quarter. Betterment LLC now owns 584,849 shares of the company’s stock valued at $24,552,000 after purchasing an additional 41,933 shares during the period.

About Goldman Sachs Access Emerging Markets USD Bond ETF

The Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market value-weighted index of USD-denominated emerging markets government bonds of various credit quality and maturity. Bonds are selected by multiple economic factors such as governance indicators, import coverage, and inflation. GEMD was launched on Feb 15, 2022 and is managed by Goldman Sachs.