Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) Short Interest Up 209.7% in April

Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 49,371 shares, an increase of 209.7% from the April 15th total of 15,940 shares. Based on an average daily trading volume, of 10,417 shares, the days-to-cover ratio is currently 4.7 days. Currently, 1.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Goldman Sachs Future Tech Leaders Equity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its stake in Goldman Sachs Future Tech Leaders Equity ETF by 19.8% in the fourth quarter. NewEdge Advisors LLC now owns 4,104 shares of the company’s stock valued at $164,000 after buying an additional 678 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in Goldman Sachs Future Tech Leaders Equity ETF by 16.2% in the fourth quarter. Kestra Advisory Services LLC now owns 12,326 shares of the company’s stock valued at $493,000 after buying an additional 1,715 shares during the last quarter. CWM LLC lifted its stake in Goldman Sachs Future Tech Leaders Equity ETF by 21.8% in the fourth quarter. CWM LLC now owns 12,331 shares of the company’s stock valued at $493,000 after buying an additional 2,208 shares during the last quarter. Heartwood Wealth Advisors LLC lifted its stake in Goldman Sachs Future Tech Leaders Equity ETF by 0.4% in the fourth quarter. Heartwood Wealth Advisors LLC now owns 559,170 shares of the company’s stock valued at $22,346,000 after buying an additional 2,291 shares during the last quarter. Finally, Cassia Capital Partners LLC increased its holdings in shares of Goldman Sachs Future Tech Leaders Equity ETF by 2.9% in the first quarter. Cassia Capital Partners LLC now owns 83,404 shares of the company’s stock valued at $3,411,000 after purchasing an additional 2,373 shares during the period.

Goldman Sachs Future Tech Leaders Equity ETF Stock Performance

NYSEARCA GTEK traded down $2.08 on Friday, reaching $53.14. The stock had a trading volume of 19,556 shares, compared to its average volume of 20,053. Goldman Sachs Future Tech Leaders Equity ETF has a 12-month low of $32.08 and a 12-month high of $55.98. The business’s 50-day moving average price is $46.30 and its 200 day moving average price is $42.75. The stock has a market cap of $212.56 million, a P/E ratio of 31.43 and a beta of 1.38.

About Goldman Sachs Future Tech Leaders Equity ETF

The Goldman Sachs Future Tech Leaders Equity ETF (GTEK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively invests in potentially growing technology companies that are believed to drive tech innovation around the world. GTEK was launched on Sep 14, 2021 and is managed by Goldman Sachs.