Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM – Get Free Report) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 125,851 shares, a growth of 60.2% from the September 15th total of 78,566 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 119,886 shares, the short-interest ratio is currently 1.0 days.
Goldman Sachs ActiveBeta Emerging Markets Equity ETF Price Performance
Goldman Sachs ActiveBeta Emerging Markets Equity ETF stock traded down $0.30 during mid-day trading on Friday, reaching $48.61. 12,018 shares of the company traded hands, compared to its average volume of 137,670. The firm’s fifty day moving average is $51.15 and its two-hundred day moving average is $50.03. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 13.33 and a beta of 0.71. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a fifty-two week low of $40.18 and a fifty-two week high of $54.29.
Hedge Funds Weigh In On Goldman Sachs ActiveBeta Emerging Markets Equity ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rogco LP acquired a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 2nd quarter worth about $25,000. Advisortrust Partners LLC acquired a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the first quarter valued at about $42,000. Harbor Asset Planning Inc. raised its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 196.4% in the first quarter. Harbor Asset Planning Inc. now owns 993 shares of the company’s stock worth $43,000 after purchasing an additional 658 shares during the last quarter. Global Assets Advisory LLC purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the first quarter worth about $47,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the third quarter worth about $50,000.
About Goldman Sachs ActiveBeta Emerging Markets Equity ETF
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.
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