Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) Sees Significant Drop in Short Interest

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 46,362 shares, a decrease of 40.8% from the July 15th total of 78,284 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 86,051 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

Several institutional investors have recently modified their holdings of GSEW. Breakwater Capital Group purchased a new position in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 2nd quarter valued at about $318,000. TrueWealth Advisors LLC purchased a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the second quarter worth approximately $208,000. Central Pacific Bank Trust Division grew its position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 8.4% during the second quarter. Central Pacific Bank Trust Division now owns 6,876 shares of the company’s stock valued at $649,000 after acquiring an additional 534 shares during the last quarter. CoreCap Advisors LLC grew its position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 5.3% during the second quarter. CoreCap Advisors LLC now owns 155,012 shares of the company’s stock valued at $14,636,000 after acquiring an additional 7,816 shares during the last quarter. Finally, Noble Wealth Management PBC raised its stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 5.3% during the second quarter. Noble Wealth Management PBC now owns 22,587 shares of the company’s stock worth $2,133,000 after acquiring an additional 1,144 shares in the last quarter.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Price Performance

BATS GSEW opened at $99.30 on Monday. The stock’s 50-day simple moving average is $94.92 and its two-hundred day simple moving average is $90.87. Goldman Sachs Equal Weight U.S. Large Cap Equity ETF has a twelve month low of $80.92 and a twelve month high of $99.42. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 21.82 and a beta of 1.01.

About Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

The Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an equal-weighted index of US large-cap stocks. GSEW was launched on Sep 12, 2017 and is managed by Goldman Sachs.