Goldman Sachs India Equity ETF (NASDAQ:GIND) Sees Significant Increase in Short Interest

Goldman Sachs India Equity ETF (NASDAQ:GIND) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 4,473 shares, an increase of 65.9% from the August 31st total of 2,696 shares. Based on an average daily volume of 3,692 shares, the short-interest ratio is presently 1.2 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Goldman Sachs India Equity ETF

A hedge fund recently bought a new stake in Goldman Sachs India Equity ETF stock. Circle Wealth Management LLC bought a new stake in Goldman Sachs India Equity ETF (NASDAQ:GIND) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,038,508 shares of the company’s stock, valued at approximately $27,422,000. Goldman Sachs India Equity ETF accounts for about 0.4% of Circle Wealth Management LLC’s portfolio, making the stock its 20th largest holding. Circle Wealth Management LLC owned 19.23% of Goldman Sachs India Equity ETF as of its most recent SEC filing.

Goldman Sachs India Equity ETF Stock Down 0.3%

Shares of NASDAQ:GIND traded down $0.08 on Wednesday, reaching $23.44. 3,022 shares of the company’s stock were exchanged, compared to its average volume of 14,939. The firm has a market capitalization of $157.05 million, a price-to-earnings ratio of 25.78 and a beta of 0.88. Goldman Sachs India Equity ETF has a fifty-two week low of $21.43 and a fifty-two week high of $27.60. The business’s 50-day moving average is $24.66 and its two-hundred day moving average is $23.99.

Goldman Sachs India Equity ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 24th will be given a dividend of $0.1731 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, September 24th.

Goldman Sachs India Equity ETF Company Profile

The Goldman Sachs India Equity ETF seeks to provide investment results that correspond to the performance of publicly traded securities of companies located in India.