Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Sees Large Decrease in Short Interest

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 182,746 shares, a decrease of 45.3% from the July 15th total of 333,940 shares. Based on an average daily volume of 425,240 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta International Equity ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IFC & Insurance Marketing Inc. acquired a new stake in shares of Goldman Sachs ActiveBeta International Equity ETF in the fourth quarter worth $31,000. Glenmede Investment Management LP acquired a new stake in Goldman Sachs ActiveBeta International Equity ETF during the 3rd quarter worth about $37,000. Wealth Watch Advisors INC purchased a new position in shares of Goldman Sachs ActiveBeta International Equity ETF during the 3rd quarter valued at about $49,000. Evelyn Partners Asset Management Ltd acquired a new position in shares of Goldman Sachs ActiveBeta International Equity ETF in the 1st quarter valued at about $54,000. Finally, Advisortrust Partners LLC purchased a new stake in shares of Goldman Sachs ActiveBeta International Equity ETF in the first quarter worth about $57,000.

Goldman Sachs ActiveBeta International Equity ETF Stock Performance

Goldman Sachs ActiveBeta International Equity ETF stock traded down $0.44 during mid-day trading on Tuesday, reaching $47.74. 268,620 shares of the company were exchanged, compared to its average volume of 505,568. The firm has a market cap of $6.09 billion, a P/E ratio of 15.44 and a beta of 0.77. The business has a fifty day moving average of $46.41 and a 200 day moving average of $45.47. Goldman Sachs ActiveBeta International Equity ETF has a 12-month low of $39.95 and a 12-month high of $48.38.

About Goldman Sachs ActiveBeta International Equity ETF

The Goldman Sachs ActiveBeta International Equity ETF (GSIE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of stocks in developed markets outside of the US comprising four sub-indices: value, momentum, quality and low volatility. The index uses multiple factors to pick stocks, and each sub-index receives equal weight. GSIE was launched on Nov 6, 2015 and is managed by Goldman Sachs.