Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) Short Interest Update

Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 49,371 shares, an increase of 209.7% from the April 15th total of 15,940 shares. Based on an average daily volume of 10,417 shares, the short-interest ratio is currently 4.7 days. Currently, 1.2% of the company’s stock are short sold.

Goldman Sachs Future Tech Leaders Equity ETF Stock Performance

Goldman Sachs Future Tech Leaders Equity ETF stock traded down $2.08 during trading on Friday, reaching $53.14. 19,556 shares of the company’s stock were exchanged, compared to its average volume of 20,053. The company’s 50-day moving average is $46.30 and its two-hundred day moving average is $42.75. Goldman Sachs Future Tech Leaders Equity ETF has a 52-week low of $32.08 and a 52-week high of $55.98. The firm has a market cap of $212.56 million, a price-to-earnings ratio of 31.43 and a beta of 1.38.

Hedge Funds Weigh In On Goldman Sachs Future Tech Leaders Equity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp purchased a new position in Goldman Sachs Future Tech Leaders Equity ETF in the 1st quarter valued at about $170,000. Cassia Capital Partners LLC boosted its position in Goldman Sachs Future Tech Leaders Equity ETF by 2.9% in the 1st quarter. Cassia Capital Partners LLC now owns 83,404 shares of the company’s stock valued at $3,411,000 after buying an additional 2,373 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Goldman Sachs Future Tech Leaders Equity ETF in the 4th quarter valued at about $280,000. NewEdge Advisors LLC boosted its position in Goldman Sachs Future Tech Leaders Equity ETF by 19.8% in the 4th quarter. NewEdge Advisors LLC now owns 4,104 shares of the company’s stock valued at $164,000 after buying an additional 678 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its position in shares of Goldman Sachs Future Tech Leaders Equity ETF by 16.2% during the fourth quarter. Kestra Advisory Services LLC now owns 12,326 shares of the company’s stock worth $493,000 after buying an additional 1,715 shares in the last quarter.

About Goldman Sachs Future Tech Leaders Equity ETF

The Goldman Sachs Future Tech Leaders Equity ETF (GTEK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively invests in potentially growing technology companies that are believed to drive tech innovation around the world. GTEK was launched on Sep 14, 2021 and is managed by Goldman Sachs.