Short Interest in Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) Rises By 80.8%

Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 14,826 shares, an increase of 80.8% from the May 14th total of 8,200 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 11,063 shares, the days-to-cover ratio is currently 1.3 days.

Gadsden Dynamic Multi-Asset ETF Trading Up 1.7%

Shares of GDMA stock traded up $0.70 during midday trading on Monday, reaching $42.76. 654 shares of the stock were exchanged, compared to its average volume of 15,124. Gadsden Dynamic Multi-Asset ETF has a 1 year low of $33.13 and a 1 year high of $43.32. The firm has a market cap of $156.50 million, a PE ratio of 18.40 and a beta of 0.10. The company’s 50 day moving average is $41.53 and its two-hundred day moving average is $40.93.

Institutional Investors Weigh In On Gadsden Dynamic Multi-Asset ETF

A hedge fund recently bought a new stake in Gadsden Dynamic Multi-Asset ETF stock. Ethos Financial Group LLC purchased a new position in Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 98,699 shares of the company’s stock, valued at approximately $3,805,000. Ethos Financial Group LLC owned 2.32% of Gadsden Dynamic Multi-Asset ETF as of its most recent SEC filing.

About Gadsden Dynamic Multi-Asset ETF

The Alpha Architect Gadsden Dynamic Multi-Asset ETF (GDMA) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed portfolio that may hold any asset class. The fund seeks total return. GDMA was launched on Nov 14, 2018 and is managed by Gadsden.