Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Sees Significant Increase in Short Interest

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 500,357 shares, an increase of 112.0% from the May 14th total of 236,002 shares. Based on an average daily trading volume, of 368,481 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.4% of the shares of the stock are short sold.

Goldman Sachs ActiveBeta International Equity ETF Stock Performance

GSIE traded up $0.14 during trading on Friday, reaching $46.08. 351,885 shares of the company traded hands, compared to its average volume of 534,145. Goldman Sachs ActiveBeta International Equity ETF has a 12-month low of $38.53 and a 12-month high of $46.86. The firm has a fifty day simple moving average of $45.33 and a 200 day simple moving average of $44.34. The company has a market cap of $5.77 billion, a P/E ratio of 15.44 and a beta of 0.77.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta International Equity ETF

Institutional investors have recently added to or reduced their stakes in the stock. IFC & Insurance Marketing Inc. purchased a new stake in Goldman Sachs ActiveBeta International Equity ETF during the 4th quarter valued at approximately $31,000. Glenmede Investment Management LP purchased a new stake in Goldman Sachs ActiveBeta International Equity ETF during the 3rd quarter valued at approximately $37,000. Miller Global Investments LLC purchased a new stake in Goldman Sachs ActiveBeta International Equity ETF during the 4th quarter valued at approximately $43,000. Wealth Watch Advisors INC purchased a new stake in Goldman Sachs ActiveBeta International Equity ETF during the 3rd quarter valued at approximately $49,000. Finally, Evelyn Partners Asset Management Ltd purchased a new stake in Goldman Sachs ActiveBeta International Equity ETF during the 1st quarter valued at approximately $54,000.

Goldman Sachs ActiveBeta International Equity ETF Company Profile

The Goldman Sachs ActiveBeta International Equity ETF (GSIE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of stocks in developed markets outside of the US comprising four sub-indices: value, momentum, quality and low volatility. The index uses multiple factors to pick stocks, and each sub-index receives equal weight. GSIE was launched on Nov 6, 2015 and is managed by Goldman Sachs.