Goldman Sachs MarketBeta U.S. Equity ETF (BATS:GSUS – Get Free Report) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 75,542 shares, an increase of 88.6% from the June 15th total of 40,064 shares. Based on an average daily trading volume, of 116,495 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the company’s shares are sold short.
Goldman Sachs MarketBeta U.S. Equity ETF Trading Down 1.0%
Shares of GSUS stock opened at $102.67 on Friday. The company’s fifty day simple moving average is $102.89 and its 200-day simple moving average is $97.45. Goldman Sachs MarketBeta U.S. Equity ETF has a 52 week low of $85.82 and a 52 week high of $105.04. The company has a market cap of $3.14 billion, a PE ratio of 26.28 and a beta of 1.02.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC boosted its stake in shares of Goldman Sachs MarketBeta U.S. Equity ETF by 5.6% in the fourth quarter. LPL Financial LLC now owns 5,951,529 shares of the company’s stock valued at $561,824,000 after purchasing an additional 314,313 shares during the period. Wells Fargo & Company MN grew its holdings in Goldman Sachs MarketBeta U.S. Equity ETF by 1,677.2% during the 4th quarter. Wells Fargo & Company MN now owns 236,313 shares of the company’s stock valued at $22,308,000 after purchasing an additional 223,016 shares in the last quarter. Keebeck Wealth Management increased its stake in Goldman Sachs MarketBeta U.S. Equity ETF by 172.1% during the 3rd quarter. Keebeck Wealth Management now owns 293,930 shares of the company’s stock worth $27,159,000 after buying an additional 185,891 shares during the period. Robertson Stephens Wealth Management LLC increased its stake in Goldman Sachs MarketBeta U.S. Equity ETF by 36.9% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 478,806 shares of the company’s stock worth $45,199,000 after buying an additional 129,116 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in Goldman Sachs MarketBeta U.S. Equity ETF by 25.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 616,858 shares of the company’s stock worth $58,231,000 after buying an additional 125,012 shares in the last quarter.
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.
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