Short Interest in Goldman Sachs Future Health Care Equity ETF (NYSEARCA:GDOC) Grows By 286.8%

Goldman Sachs Future Health Care Equity ETF (NYSEARCA:GDOC) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 147 shares, a growth of 286.8% from the May 14th total of 38 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 1,834 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. J. Mark Nickell & Co. bought a new position in shares of Goldman Sachs Future Health Care Equity ETF in the 4th quarter valued at about $254,000. Susquehanna International Group LLP bought a new position in Goldman Sachs Future Health Care Equity ETF during the 3rd quarter worth approximately $348,000. Finally, Goldman Sachs Group Inc. boosted its stake in Goldman Sachs Future Health Care Equity ETF by 6.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 350,223 shares of the company’s stock worth $11,285,000 after acquiring an additional 21,319 shares during the last quarter.

Goldman Sachs Future Health Care Equity ETF Price Performance

Shares of NYSEARCA GDOC traded down $0.19 during mid-day trading on Friday, hitting $33.60. The company’s stock had a trading volume of 198 shares, compared to its average volume of 1,896. The stock has a market cap of $23.52 million, a price-to-earnings ratio of 28.36 and a beta of 0.76. Goldman Sachs Future Health Care Equity ETF has a one year low of $30.56 and a one year high of $37.33. The company’s fifty day simple moving average is $32.75 and its 200-day simple moving average is $34.14.

Goldman Sachs Future Health Care Equity ETF Company Profile

The Goldman Sachs Future Health Care Equity ETF (GDOC) is an exchange-traded fund that mostly invests in health care equity. The fund is actively managed to provide exposure to equities of companies that are driving innovation in healthcare globally. GDOC was launched on Nov 9, 2021 and is managed by Goldman Sachs.