Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) Stock Short Interest Declines 68.3%

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 29,786 shares, a drop of 68.3% from the September 15th total of 93,950 shares. Based on an average daily volume of 213,519 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 18.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,182,271 shares of the company’s stock worth $451,532,000 after purchasing an additional 503,551 shares in the last quarter. Targeted Financial Services LLC acquired a new stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF during the 4th quarter worth about $24,487,000. Fifth Third Bancorp grew its holdings in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 1,419.4% during the first quarter. Fifth Third Bancorp now owns 77,700 shares of the company’s stock worth $9,723,000 after acquiring an additional 72,586 shares during the period. RFG Advisory LLC increased its holdings in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 24.2% during the 1st quarter. RFG Advisory LLC now owns 369,331 shares of the company’s stock valued at $46,214,000 after purchasing an additional 71,844 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 31.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 240,491 shares of the company’s stock valued at $34,123,000 after buying an additional 57,504 shares in the last quarter.

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF Price Performance

Shares of NYSEARCA:GSLC traded up $0.01 on Monday, hitting $148.25. 130,737 shares of the company’s stock were exchanged, compared to its average volume of 303,562. Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF has a 12 month low of $121.12 and a 12 month high of $148.93. The stock has a market capitalization of $15.36 billion, a price-to-earnings ratio of 24.08 and a beta of 0.99. The business’s 50 day simple moving average is $146.53 and its two-hundred day simple moving average is $141.16.

About Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

The Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large-cap stocks comprising 4 sub-indexes: value, momentum, quality, and low volatility. The index uses multiple factors to pick stocks, and each sub-index receives equal weight. GSLC was launched on Sep 21, 2015 and is managed by Goldman Sachs.