Goldman Sachs ActiveBeta Europe Equity ETF (NYSEARCA:GSEU) Shares Shorted: Short Interest Up 121.6% in October

Goldman Sachs ActiveBeta Europe Equity ETF (NYSEARCA:GSEU) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 8,266 shares, a growth of 121.6% from the September 30th total of 3,730 shares. Based on an average daily volume of 11,321 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the company’s stock are short sold.

Goldman Sachs ActiveBeta Europe Equity ETF Price Performance

Shares of NYSEARCA GSEU traded down $0.34 during midday trading on Friday, hitting $48.09. 3,848 shares of the company’s stock were exchanged, compared to its average volume of 15,350. The firm’s fifty day simple moving average is $48.63 and its 200-day simple moving average is $48.10. The company has a market cap of $173.12 million, a PE ratio of 15.76 and a beta of 0.82. Goldman Sachs ActiveBeta Europe Equity ETF has a twelve month low of $42.38 and a twelve month high of $50.82.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta Europe Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in GSEU. Founders Financial Securities LLC bought a new stake in Goldman Sachs ActiveBeta Europe Equity ETF in the 3rd quarter worth approximately $271,000. Integrated Wealth Concepts LLC purchased a new position in Goldman Sachs ActiveBeta Europe Equity ETF in the second quarter worth approximately $152,000. Finally, Wealthfront Advisers LLC boosted its stake in Goldman Sachs ActiveBeta Europe Equity ETF by 26.3% in the first quarter. Wealthfront Advisers LLC now owns 16,406 shares of the company’s stock valued at $742,000 after acquiring an additional 3,417 shares in the last quarter.

Goldman Sachs ActiveBeta Europe Equity ETF Company Profile

The Goldman Sachs ActiveBeta Europe Equity ETF (GSEU) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of developed Europe large- and mid-cap equities, with equal weights to each of four factor buckets and stocks within each bucket weighted by a factor score. GSEU was launched on Mar 2, 2016 and is managed by Goldman Sachs.