Goldman Sachs ActiveBeta Europe Equity ETF (NYSEARCA:GSEU) Short Interest Up 122.2% in May

Goldman Sachs ActiveBeta Europe Equity ETF (NYSEARCA:GSEU) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 7,990 shares, an increase of 122.2% from the April 30th total of 3,596 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 7,725 shares, the short-interest ratio is presently 1.0 days.

Goldman Sachs ActiveBeta Europe Equity ETF Stock Performance

NYSEARCA:GSEU traded down $0.21 during mid-day trading on Monday, reaching $48.60. The stock had a trading volume of 7,847 shares, compared to its average volume of 13,454. The firm has a market capitalization of $116.64 million, a price-to-earnings ratio of 15.76 and a beta of 0.83. Goldman Sachs ActiveBeta Europe Equity ETF has a twelve month low of $40.90 and a twelve month high of $50.08. The business has a 50 day simple moving average of $47.24 and a 200 day simple moving average of $46.58.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta Europe Equity ETF

Hedge funds have recently added to or reduced their stakes in the company. SHP Wealth Management acquired a new stake in Goldman Sachs ActiveBeta Europe Equity ETF in the fourth quarter valued at about $74,000. Founders Financial Securities LLC acquired a new stake in Goldman Sachs ActiveBeta Europe Equity ETF in the fourth quarter valued at about $209,000. Legacy Advisors LLC acquired a new stake in Goldman Sachs ActiveBeta Europe Equity ETF in the third quarter valued at about $227,000. Citadel Advisors LLC acquired a new stake in Goldman Sachs ActiveBeta Europe Equity ETF in the third quarter valued at about $313,000. Finally, Wealthfront Advisers LLC lifted its position in Goldman Sachs ActiveBeta Europe Equity ETF by 26.3% in the first quarter. Wealthfront Advisers LLC now owns 16,406 shares of the company’s stock valued at $742,000 after purchasing an additional 3,417 shares during the period.

About Goldman Sachs ActiveBeta Europe Equity ETF

The Goldman Sachs ActiveBeta Europe Equity ETF (GSEU) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of developed Europe large- and mid-cap equities, with equal weights to each of four factor buckets and stocks within each bucket weighted by a factor score. GSEU was launched on Mar 2, 2016 and is managed by Goldman Sachs.