Short Interest in Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Decreases By 37.5%

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 62,765 shares, a decline of 37.5% from the July 15th total of 100,489 shares. Based on an average daily volume of 143,573 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Trading of Goldman Sachs ActiveBeta Emerging Markets Equity ETF

Large investors have recently bought and sold shares of the stock. Advisortrust Partners LLC acquired a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 1st quarter valued at approximately $42,000. Harbor Asset Planning Inc. grew its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 196.4% during the first quarter. Harbor Asset Planning Inc. now owns 993 shares of the company’s stock valued at $43,000 after buying an additional 658 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the fourth quarter valued at $42,000. Global Assets Advisory LLC acquired a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 1st quarter valued at $47,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 261.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,051 shares of the company’s stock valued at $85,000 after acquiring an additional 1,484 shares during the period.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

GEM stock traded down $1.47 during midday trading on Tuesday, reaching $49.99. The company’s stock had a trading volume of 211,069 shares, compared to its average volume of 139,732. The stock has a fifty day simple moving average of $50.46 and a two-hundred day simple moving average of $48.21. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 1 year low of $38.10 and a 1 year high of $54.29. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 13.33 and a beta of 0.71.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Company Profile

The Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of emerging market stocks comprising 4 sub-indexes: value, momentum, quality, and low volatility. The index uses multiple factors to pick stocks, and each sub-index receives equal weight. GEM was launched on Sep 29, 2015 and is managed by Goldman Sachs.