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

Goldman Sachs Access Emerging Markets USD Bond ETF (BATS:GEMD) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 1,717 shares, an increase of 94.9% from the July 30th total of 881 shares. Based on an average daily volume of 3,050 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Trading of Goldman Sachs Access Emerging Markets USD Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC grew its stake in shares of Goldman Sachs Access Emerging Markets USD Bond ETF by 13.3% during the first quarter. NewEdge Advisors LLC now owns 8,448 shares of the company’s stock worth $342,000 after acquiring an additional 990 shares during the last quarter. Jane Street Group LLC boosted its stake in Goldman Sachs Access Emerging Markets USD Bond ETF by 58.8% in the 4th quarter. Jane Street Group LLC now owns 41,677 shares of the company’s stock worth $1,769,000 after purchasing an additional 15,436 shares in the last quarter. Finally, Betterment LLC boosted its stake in Goldman Sachs Access Emerging Markets USD Bond ETF by 2.8% in the 4th quarter. Betterment LLC now owns 601,446 shares of the company’s stock worth $25,531,000 after purchasing an additional 16,597 shares in the last quarter.

Goldman Sachs Access Emerging Markets USD Bond ETF Stock Down 0.2%

Shares of GEMD opened at $41.63 on Friday. The company has a 50 day moving average price of $41.89 and a 200-day moving average price of $42.08. Goldman Sachs Access Emerging Markets USD Bond ETF has a fifty-two week low of $40.88 and a fifty-two week high of $43.26.

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.