Goldman Sachs Access Emerging Markets USD Bond ETF (BATS:GEMD) Sees Significant Drop in Short Interest

Goldman Sachs Access Emerging Markets USD Bond ETF (BATS:GEMD) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 1,454 shares, a drop of 78.1% from the June 30th total of 6,642 shares. Based on an average daily volume of 2,898 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are short sold.

Goldman Sachs Access Emerging Markets USD Bond ETF Trading Up 0.1%

BATS:GEMD opened at $41.56 on Friday. Goldman Sachs Access Emerging Markets USD Bond ETF has a twelve month low of $40.88 and a twelve month high of $43.26. The stock has a fifty day simple moving average of $42.14 and a 200-day simple moving average of $42.23.

Institutional Investors Weigh In On Goldman Sachs Access Emerging Markets USD Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its position in Goldman Sachs Access Emerging Markets USD Bond ETF by 13.3% in the 1st quarter. NewEdge Advisors LLC now owns 8,448 shares of the company’s stock valued at $342,000 after buying an additional 990 shares during the period. Jane Street Group LLC increased its position in shares of Goldman Sachs Access Emerging Markets USD Bond ETF by 58.8% during the fourth quarter. Jane Street Group LLC now owns 41,677 shares of the company’s stock worth $1,769,000 after acquiring an additional 15,436 shares during the period. Finally, Betterment LLC increased its position in shares of Goldman Sachs Access Emerging Markets USD Bond ETF by 2.8% during the fourth quarter. Betterment LLC now owns 601,446 shares of the company’s stock worth $25,531,000 after acquiring an additional 16,597 shares during the period.

Goldman Sachs Access Emerging Markets USD Bond ETF Company Profile

The Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market value-weighted index of USD-denominated emerging markets government bonds of various credit quality and maturity. Bonds are selected by multiple economic factors such as governance indicators, import coverage, and inflation. GEMD was launched on Feb 15, 2022 and is managed by Goldman Sachs.