Goldman Sachs MarketBeta U.S. Equity ETF (BATS:GSUS) Stock Short Interest Jumps 3,070.8%

Goldman Sachs MarketBeta U.S. Equity ETF (BATS:GSUS) was the recipient of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 707,595 shares, a growth of 3,070.8% from the October 15th total of 22,316 shares. Based on an average trading volume of 142,184 shares, the short-interest ratio is currently 5.0 days. Approximately 2.3% of the company’s shares are short sold.

Institutional Trading of Goldman Sachs MarketBeta U.S. Equity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC increased its position in shares of Goldman Sachs MarketBeta U.S. Equity ETF by 139.1% during the first quarter. NewEdge Advisors LLC now owns 178,628 shares of the company’s stock worth $16,003,000 after acquiring an additional 103,918 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Goldman Sachs MarketBeta U.S. Equity ETF by 3.1% in the second quarter. Envestnet Asset Management Inc. now owns 3,192,043 shares of the company’s stock valued at $329,100,000 after purchasing an additional 95,147 shares during the period. Commonwealth Equity Services LLC purchased a new position in Goldman Sachs MarketBeta U.S. Equity ETF in the third quarter valued at $8,201,000. CoreCap Advisors LLC boosted its holdings in Goldman Sachs MarketBeta U.S. Equity ETF by 5.9% in the second quarter. CoreCap Advisors LLC now owns 519,850 shares of the company’s stock valued at $53,596,000 after purchasing an additional 29,082 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its stake in Goldman Sachs MarketBeta U.S. Equity ETF by 3.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 758,721 shares of the company’s stock worth $78,224,000 after purchasing an additional 28,471 shares in the last quarter.

Goldman Sachs MarketBeta U.S. Equity ETF Trading Down 0.4%

Goldman Sachs MarketBeta U.S. Equity ETF stock traded down $0.39 during mid-day trading on Tuesday, hitting $103.55. The company’s stock had a trading volume of 91,193 shares, compared to its average volume of 113,471. The firm has a market capitalization of $3.16 billion, a PE ratio of 26.28 and a beta of 1.02. Goldman Sachs MarketBeta U.S. Equity ETF has a 1 year low of $86.68 and a 1 year high of $108.19. The stock’s fifty day moving average is $105.86 and its two-hundred day moving average is $100.85.

Goldman Sachs MarketBeta U.S. Equity ETF Company Profile

The Goldman Sachs MarketBeta US Equity ETF (GSUS) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of US equities, selected and weighted by market capitalization. GSUS was launched on May 12, 2020 and is managed by Goldman Sachs.