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

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 239,197 shares, a decline of 44.9% from the June 15th total of 433,870 shares. Based on an average daily volume of 79,879 shares, the short-interest ratio is presently 3.0 days. Approximately 0.7% of the company’s stock are short sold.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Trading Up 1.6%

Shares of GEM stock opened at $50.06 on Wednesday. The firm has a fifty day simple moving average of $51.13 and a 200-day simple moving average of $47.16. The company has a market capitalization of $1.69 billion, a PE ratio of 13.33 and a beta of 0.70. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a twelve month low of $36.97 and a twelve month high of $54.29.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta Emerging Markets Equity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 7.2% during the fourth quarter. Wells Fargo & Company MN now owns 4,127,553 shares of the company’s stock valued at $171,789,000 after acquiring an additional 276,247 shares in the last quarter. SigFig Wealth Management LLC lifted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 0.7% in the fourth quarter. SigFig Wealth Management LLC now owns 3,242,190 shares of the company’s stock worth $134,940,000 after acquiring an additional 22,157 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 0.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,839,340 shares of the company’s stock worth $118,173,000 after acquiring an additional 9,926 shares in the last quarter. LPL Financial LLC boosted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 2.2% in the fourth quarter. LPL Financial LLC now owns 2,012,341 shares of the company’s stock valued at $83,754,000 after purchasing an additional 42,384 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 14.3% in the first quarter. Bank of America Corp DE now owns 673,297 shares of the company’s stock valued at $29,086,000 after purchasing an additional 84,456 shares during the last quarter.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Company Profile

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.