Short Interest in Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) Expands By 574.3%

Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 29,609 shares, a growth of 574.3% from the December 31st total of 4,391 shares. Based on an average daily trading volume, of 47,056 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.7% of the company’s stock are short sold. Approximately 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 47,056 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new stake in Goldman Sachs Future Tech Leaders Equity ETF in the 1st quarter valued at $922,000. Citadel Advisors LLC lifted its stake in shares of Goldman Sachs Future Tech Leaders Equity ETF by 433.7% during the 3rd quarter. Citadel Advisors LLC now owns 34,346 shares of the company’s stock worth $1,340,000 after buying an additional 27,910 shares during the last quarter. Flow Traders U.S. LLC boosted its holdings in shares of Goldman Sachs Future Tech Leaders Equity ETF by 144.2% during the 3rd quarter. Flow Traders U.S. LLC now owns 44,394 shares of the company’s stock worth $1,732,000 after buying an additional 26,217 shares during the period. Raymond James Financial Inc. grew its stake in Goldman Sachs Future Tech Leaders Equity ETF by 10.2% in the 2nd quarter. Raymond James Financial Inc. now owns 261,438 shares of the company’s stock valued at $9,433,000 after buying an additional 24,210 shares during the last quarter. Finally, Black Swift Group LLC raised its holdings in Goldman Sachs Future Tech Leaders Equity ETF by 13.6% in the 3rd quarter. Black Swift Group LLC now owns 156,655 shares of the company’s stock valued at $6,111,000 after acquiring an additional 18,700 shares during the period.

Goldman Sachs Future Tech Leaders Equity ETF Price Performance

NYSEARCA GTEK traded up $0.36 on Wednesday, hitting $43.74. 5,293 shares of the stock were exchanged, compared to its average volume of 33,405. The company has a market capitalization of $192.46 million, a PE ratio of 31.43 and a beta of 1.27. The business’s fifty day moving average is $40.36 and its 200 day moving average is $38.79. Goldman Sachs Future Tech Leaders Equity ETF has a 52 week low of $25.18 and a 52 week high of $43.78.

About Goldman Sachs Future Tech Leaders Equity ETF

The Goldman Sachs Future Tech Leaders Equity ETF (GTEK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively invests in potentially growing technology companies that are believed to drive tech innovation around the world. GTEK was launched on Sep 14, 2021 and is managed by Goldman Sachs.