Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) Sees Significant Decrease in Short Interest

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 23,294 shares, a drop of 72.7% from the September 30th total of 85,295 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 181,024 shares, the days-to-cover ratio is presently 0.1 days.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Trading Up 1.0%

Shares of GSEW opened at $97.56 on Friday. Goldman Sachs Equal Weight U.S. Large Cap Equity ETF has a 1-year low of $80.92 and a 1-year high of $99.42. The stock has a market capitalization of $1.53 billion, a P/E ratio of 21.82 and a beta of 1.01. The business’s 50-day moving average price is $95.82 and its 200 day moving average price is $92.08.

Institutional Trading of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. CKW Financial Group increased its stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 1.4% during the 3rd quarter. CKW Financial Group now owns 503,694 shares of the company’s stock worth $47,206,000 after purchasing an additional 7,172 shares during the last quarter. Virtue Capital Management LLC lifted its position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 52.5% in the third quarter. Virtue Capital Management LLC now owns 29,817 shares of the company’s stock worth $2,775,000 after buying an additional 10,269 shares during the last quarter. Vise Technologies Inc. bought a new stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 3rd quarter worth about $715,000. Oppenheimer & Co. Inc. bought a new stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 3rd quarter worth about $453,000. Finally, Flagship Harbor Advisors LLC raised its stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 13.9% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 33,655 shares of the company’s stock valued at $3,133,000 after acquiring an additional 4,100 shares in the last quarter.

About Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

The Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an equal-weighted index of US large-cap stocks. GSEW was launched on Sep 12, 2017 and is managed by Goldman Sachs.