Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK – Get Free Report) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 49,371 shares, an increase of 209.7% from the April 15th total of 15,940 shares. Based on an average trading volume of 10,417 shares, the short-interest ratio is presently 4.7 days. Currently, 1.2% of the shares of the company are sold short.
Goldman Sachs Future Tech Leaders Equity ETF Trading Up 0.1%
NYSEARCA GTEK traded up $0.03 on Thursday, hitting $55.22. 50,665 shares of the company’s stock traded hands, compared to its average volume of 20,059. Goldman Sachs Future Tech Leaders Equity ETF has a 1-year low of $32.08 and a 1-year high of $55.98. The firm’s 50-day moving average price is $46.08 and its two-hundred day moving average price is $42.68. The firm has a market capitalization of $220.88 million, a PE ratio of 31.43 and a beta of 1.38.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GTEK. Goldman Sachs Group Inc. increased its holdings in Goldman Sachs Future Tech Leaders Equity ETF by 0.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,072,169 shares of the company’s stock valued at $31,820,000 after buying an additional 6,698 shares in the last quarter. Jane Street Group LLC purchased a new position in Goldman Sachs Future Tech Leaders Equity ETF in the first quarter valued at $922,000. Raymond James Financial Inc. increased its holdings in Goldman Sachs Future Tech Leaders Equity ETF by 10.2% in the second 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 in the last quarter. Black Swift Group LLC increased its holdings in Goldman Sachs Future Tech Leaders Equity ETF by 13.6% in the third quarter. Black Swift Group LLC now owns 156,655 shares of the company’s stock valued at $6,111,000 after buying an additional 18,700 shares in the last quarter. Finally, Citadel Advisors LLC increased its holdings in Goldman Sachs Future Tech Leaders Equity ETF by 433.7% in the third quarter. Citadel Advisors LLC now owns 34,346 shares of the company’s stock valued at $1,340,000 after buying an additional 27,910 shares in the last quarter.
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.
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