Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Sees Significant Growth in Short Interest

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 125,851 shares, a growth of 60.2% from the September 15th total of 78,566 shares. Based on an average daily trading volume, of 119,886 shares, the short-interest ratio is presently 1.0 days. Approximately 0.4% of the company’s stock are short sold.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

Shares of GEM traded down $0.89 during trading hours on Friday, hitting $48.02. 80,485 shares of the company were exchanged, compared to its average volume of 138,059. The company has a market cap of $1.66 billion, a PE ratio of 13.33 and a beta of 0.71. The firm’s 50 day moving average is $51.10 and its 200-day moving average is $50.02. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 52 week low of $40.18 and a 52 week high of $54.29.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta Emerging Markets Equity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. World Investment Advisors acquired a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the fourth quarter valued at approximately $593,000. CENTRAL TRUST Co lifted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 8.7% in the first quarter. CENTRAL TRUST Co now owns 141,925 shares of the company’s stock worth $6,131,000 after buying an additional 11,301 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 108.5% in the second quarter. Envestnet Asset Management Inc. now owns 3,127,532 shares of the company’s stock worth $162,632,000 after buying an additional 1,627,669 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 142.2% in the first quarter. NewEdge Advisors LLC now owns 55,062 shares of the company’s stock worth $2,379,000 after buying an additional 32,330 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 82.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 394,433 shares of the company’s stock worth $20,511,000 after buying an additional 178,228 shares during the period.

About Goldman Sachs ActiveBeta Emerging Markets Equity ETF

The Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of emerging market stocks comprising 4 sub-indexes: value, momentum, quality, and low volatility. The index uses multiple factors to pick stocks, and each sub-index receives equal weight. GEM was launched on Sep 29, 2015 and is managed by Goldman Sachs.