Short Interest in Goldman Sachs ActiveBeta Europe Equity ETF (NYSEARCA:GSEU) Rises By 74.2%

Goldman Sachs ActiveBeta Europe Equity ETF (NYSEARCA:GSEU) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 14,656 shares, a growth of 74.2% from the May 31st total of 8,412 shares. Based on an average daily volume of 6,731 shares, the days-to-cover ratio is presently 2.2 days. Currently, 0.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. SHP Wealth Management bought a new stake in shares of Goldman Sachs ActiveBeta Europe Equity ETF during the fourth quarter valued at about $74,000. Wealthfront Advisers LLC increased its stake in Goldman Sachs ActiveBeta Europe Equity ETF by 26.3% during the 1st quarter. Wealthfront Advisers LLC now owns 16,406 shares of the company’s stock valued at $742,000 after buying an additional 3,417 shares during the period. Founders Financial Securities LLC acquired a new position in Goldman Sachs ActiveBeta Europe Equity ETF during the 4th quarter valued at about $209,000. Legacy Advisors LLC bought a new stake in shares of Goldman Sachs ActiveBeta Europe Equity ETF during the 3rd quarter worth about $227,000. Finally, Citadel Advisors LLC bought a new stake in shares of Goldman Sachs ActiveBeta Europe Equity ETF during the 3rd quarter worth about $313,000.

Goldman Sachs ActiveBeta Europe Equity ETF Trading Up 1.8%

Shares of NYSEARCA GSEU opened at $48.99 on Friday. Goldman Sachs ActiveBeta Europe Equity ETF has a 12-month low of $40.90 and a 12-month high of $50.08. The company has a market cap of $122.47 million, a PE ratio of 15.76 and a beta of 0.83. The stock has a 50 day simple moving average of $48.30 and a 200-day simple moving average of $47.30.

About Goldman Sachs ActiveBeta Europe Equity ETF

The Goldman Sachs ActiveBeta Europe Equity ETF (GSEU) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of developed Europe large- and mid-cap equities, with equal weights to each of four factor buckets and stocks within each bucket weighted by a factor score. GSEU was launched on Mar 2, 2016 and is managed by Goldman Sachs.