Goldman Sachs Access Emerging Markets USD Bond ETF (BATS:GEMD) Short Interest Down 78.1% in July

Goldman Sachs Access Emerging Markets USD Bond ETF (BATS:GEMD) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 1,454 shares, a drop of 78.1% from the June 30th total of 6,642 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 2,898 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GEMD. Jane Street Group LLC grew its stake in Goldman Sachs Access Emerging Markets USD Bond ETF by 58.8% in the 4th quarter. Jane Street Group LLC now owns 41,677 shares of the company’s stock valued at $1,769,000 after buying an additional 15,436 shares in the last quarter. Betterment LLC boosted its holdings in shares of Goldman Sachs Access Emerging Markets USD Bond ETF by 2.8% in the fourth quarter. Betterment LLC now owns 601,446 shares of the company’s stock worth $25,531,000 after acquiring an additional 16,597 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in shares of Goldman Sachs Access Emerging Markets USD Bond ETF by 13.3% in the first quarter. NewEdge Advisors LLC now owns 8,448 shares of the company’s stock worth $342,000 after acquiring an additional 990 shares during the period.

Goldman Sachs Access Emerging Markets USD Bond ETF Trading Up 0.1%

GEMD opened at $41.56 on Friday. The firm has a 50-day moving average price of $42.14 and a 200-day moving average price of $42.23. Goldman Sachs Access Emerging Markets USD Bond ETF has a twelve month low of $40.88 and a twelve month high of $43.26.

Goldman Sachs Access Emerging Markets USD Bond ETF Company Profile

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.