Short Interest in Goldman Sachs MarketBeta U.S. Equity ETF (BATS:GSUS) Grows By 170.8%

Goldman Sachs MarketBeta U.S. Equity ETF (BATS:GSUS) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 40,064 shares, an increase of 170.8% from the May 31st total of 14,795 shares. Based on an average trading volume of 62,109 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the company’s shares are sold short.

Goldman Sachs MarketBeta U.S. Equity ETF Stock Up 1.4%

Shares of Goldman Sachs MarketBeta U.S. Equity ETF stock opened at $102.34 on Tuesday. The stock’s fifty day moving average is $101.60 and its two-hundred day moving average is $96.60. Goldman Sachs MarketBeta U.S. Equity ETF has a 52 week low of $85.16 and a 52 week high of $105.04. The company has a market capitalization of $3.13 billion, a PE ratio of 26.28 and a beta of 1.02.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GSUS. Qube Research & Technologies Ltd bought a new stake in Goldman Sachs MarketBeta U.S. Equity ETF during the 2nd quarter valued at about $42,000. NewEdge Advisors LLC raised its stake in shares of Goldman Sachs MarketBeta U.S. Equity ETF by 2.1% during the second quarter. NewEdge Advisors LLC now owns 73,532 shares of the company’s stock valued at $6,292,000 after acquiring an additional 1,491 shares in the last quarter. Raymond James Financial Inc. raised its position in Goldman Sachs MarketBeta U.S. Equity ETF by 4.3% during the 2nd quarter. Raymond James Financial Inc. now owns 29,891 shares of the company’s stock valued at $2,558,000 after purchasing an additional 1,227 shares in the last quarter. Orion Porfolio Solutions LLC lifted its holdings in shares of Goldman Sachs MarketBeta U.S. Equity ETF by 3.6% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 39,036 shares of the company’s stock worth $3,340,000 after buying an additional 1,350 shares during the period. Finally, Lantern Wealth Advisors LLC purchased a new position in shares of Goldman Sachs MarketBeta U.S. Equity ETF during the second quarter valued at $600,000.

About Goldman Sachs MarketBeta U.S. Equity ETF

The Goldman Sachs MarketBeta US Equity ETF (GSUS) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of US equities, selected and weighted by market capitalization. GSUS was launched on May 12, 2020 and is managed by Goldman Sachs.