Short Interest in Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) Rises By 200.2%

Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 9,178 shares, a growth of 200.2% from the July 30th total of 3,057 shares. Based on an average daily volume of 16,380 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the shares of the company are sold short.

Gadsden Dynamic Multi-Asset ETF Stock Performance

Shares of GDMA traded up $0.25 during mid-day trading on Thursday, reaching $42.77. The stock had a trading volume of 5,002 shares, compared to its average volume of 16,258. The business has a fifty day moving average of $42.34 and a 200 day moving average of $41.83. Gadsden Dynamic Multi-Asset ETF has a 12 month low of $35.50 and a 12 month high of $44.04. The firm has a market cap of $156.54 million, a price-to-earnings ratio of 18.40 and a beta of 0.10.

Institutional Trading of Gadsden Dynamic Multi-Asset ETF

A hedge fund recently bought a new position in Gadsden Dynamic Multi-Asset ETF stock. Redwood Wealth Management Group LLC bought a new stake in shares of Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 7,693 shares of the company’s stock, valued at approximately $313,000. Redwood Wealth Management Group LLC owned about 0.21% of Gadsden Dynamic Multi-Asset ETF as of its most recent filing with the Securities and Exchange Commission.

About Gadsden Dynamic Multi-Asset ETF

The Alpha Architect Gadsden Dynamic Multi-Asset ETF (GDMA) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed portfolio that may hold any asset class. The fund seeks total return. GDMA was launched on Nov 14, 2018 and is managed by Gadsden.