Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Short Interest Down 60.0% in June

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 200,223 shares, a decline of 60.0% from the May 31st total of 500,357 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 579,348 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta International Equity ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. IFC & Insurance Marketing Inc. purchased a new stake in shares of Goldman Sachs ActiveBeta International Equity ETF during the 4th quarter valued at about $31,000. Glenmede Investment Management LP acquired a new position in Goldman Sachs ActiveBeta International Equity ETF during the 3rd quarter worth approximately $37,000. Miller Global Investments LLC purchased a new position in Goldman Sachs ActiveBeta International Equity ETF in the 4th quarter worth approximately $43,000. Wealth Watch Advisors INC purchased a new position in Goldman Sachs ActiveBeta International Equity ETF in the 3rd quarter worth approximately $49,000. Finally, Evelyn Partners Asset Management Ltd acquired a new stake in Goldman Sachs ActiveBeta International Equity ETF in the first quarter valued at approximately $54,000.

Goldman Sachs ActiveBeta International Equity ETF Price Performance

NYSEARCA GSIE traded up $0.32 during trading hours on Monday, hitting $45.55. The company had a trading volume of 458,332 shares, compared to its average volume of 528,523. Goldman Sachs ActiveBeta International Equity ETF has a fifty-two week low of $38.69 and a fifty-two week high of $46.90. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 15.44 and a beta of 0.77. The firm’s 50 day moving average is $45.57 and its 200 day moving average is $44.65.

About Goldman Sachs ActiveBeta International Equity ETF

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.