Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) Sees Significant Growth in Short Interest

Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 20,717 shares, an increase of 255.2% from the September 30th total of 5,833 shares. Based on an average trading volume of 7,483 shares, the days-to-cover ratio is presently 2.8 days. Approximately 0.6% of the shares of the stock are short sold.

Institutional Investors Weigh In On Gadsden Dynamic Multi-Asset ETF

A hedge fund recently bought a new position in Gadsden Dynamic Multi-Asset ETF stock. Redwood Wealth Management Group LLC purchased a new stake in Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 7,693 shares of the company’s stock, valued at approximately $313,000. Redwood Wealth Management Group LLC owned 0.21% of Gadsden Dynamic Multi-Asset ETF as of its most recent SEC filing.

Gadsden Dynamic Multi-Asset ETF Price Performance

Shares of GDMA opened at $40.39 on Thursday. The firm’s 50 day moving average is $41.40 and its 200-day moving average is $41.66. Gadsden Dynamic Multi-Asset ETF has a 12-month low of $37.48 and a 12-month high of $44.04. The stock has a market capitalization of $147.82 million, a P/E ratio of 18.40 and a beta of 0.10.

Gadsden Dynamic Multi-Asset ETF Company Profile

The Alpha Architect Gadsden Dynamic Multi-Asset ETF (GDMA) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed portfolio that may hold any asset class. The fund seeks total return. GDMA was launched on Nov 14, 2018 and is managed by Gadsden.