Goldman Sachs Future Health Care Equity ETF (NYSEARCA:GDOC) Sees Significant Growth in Short Interest

Goldman Sachs Future Health Care Equity ETF (NYSEARCA:GDOC) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 260 shares, a growth of 143.0% from the August 15th total of 107 shares. Based on an average daily volume of 622 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

Goldman Sachs Future Health Care Equity ETF Stock Performance

Shares of GDOC stock traded down $0.03 on Friday, reaching $36.32. 180 shares of the company’s stock traded hands, compared to its average volume of 1,845. Goldman Sachs Future Health Care Equity ETF has a 12-month low of $31.32 and a 12-month high of $38.66. The business’s 50 day moving average price is $36.79 and its two-hundred day moving average price is $34.45. The company has a market capitalization of $18.16 million, a P/E ratio of 28.36 and a beta of 0.75.

Institutional Investors Weigh In On Goldman Sachs Future Health Care Equity ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. TD Waterhouse Canada Inc. bought a new stake in Goldman Sachs Future Health Care Equity ETF in the second quarter worth approximately $109,000. J. Mark Nickell & Co. acquired a new position in shares of Goldman Sachs Future Health Care Equity ETF during the 4th quarter worth about $254,000. NewEdge Advisors LLC bought a new stake in shares of Goldman Sachs Future Health Care Equity ETF in the second quarter valued at approximately $303,000. Susquehanna International Group LLP acquired a new stake in Goldman Sachs Future Health Care Equity ETF in the 3rd quarter worth $348,000. Finally, Citadel Advisors LLC increased its stake in Goldman Sachs Future Health Care Equity ETF by 42.2% during the second quarter. Citadel Advisors LLC now owns 29,421 shares of the company’s stock valued at $1,061,000 after acquiring an additional 8,729 shares during the period.

Goldman Sachs Future Health Care Equity ETF Company Profile

The Goldman Sachs Future Health Care Equity ETF (GDOC) is an exchange-traded fund that mostly invests in health care equity. The fund is actively managed to provide exposure to equities of companies that are driving innovation in healthcare globally. GDOC was launched on Nov 9, 2021 and is managed by Goldman Sachs.