Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Short Interest Update

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 62,765 shares, a decline of 37.5% from the July 15th total of 100,489 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 143,573 shares, the days-to-cover ratio is presently 0.4 days.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Trading Up 0.8%

NYSEARCA GEM traded up $0.42 during trading hours on Wednesday, hitting $50.41. 113,522 shares of the company’s stock traded hands, compared to its average volume of 139,541. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 52 week low of $38.10 and a 52 week high of $54.29. The firm has a market capitalization of $1.72 billion, a P/E ratio of 13.33 and a beta of 0.71. The business’s fifty day moving average price is $50.46 and its two-hundred day moving average price is $48.23.

Institutional Trading of Goldman Sachs ActiveBeta Emerging Markets Equity ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of GEM. Integrated Wealth Concepts LLC increased its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 12.7% in the 1st quarter. Integrated Wealth Concepts LLC now owns 13,421 shares of the company’s stock worth $445,000 after acquiring an additional 1,509 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 4.7% in the first quarter. NewEdge Advisors LLC now owns 19,778 shares of the company’s stock worth $656,000 after purchasing an additional 883 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 989.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,495 shares of the company’s stock valued at $428,000 after purchasing an additional 10,440 shares during the period. Marshall Wace LLP lifted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 722.4% during the 2nd quarter. Marshall Wace LLP now owns 147,817 shares of the company’s stock valued at $5,500,000 after buying an additional 129,843 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 1.3% in the 2nd quarter. Raymond James Financial Inc. now owns 392,021 shares of the company’s stock worth $14,587,000 after buying an additional 4,982 shares during the period.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Company Profile

The Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of emerging market stocks comprising 4 sub-indexes: value, momentum, quality, and low volatility. The index uses multiple factors to pick stocks, and each sub-index receives equal weight. GEM was launched on Sep 29, 2015 and is managed by Goldman Sachs.