Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE – Get Free Report) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 182,746 shares, a drop of 45.3% from the July 15th total of 333,940 shares. Based on an average daily volume of 425,240 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are sold short.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Root Financial Partners LLC grew its holdings in shares of Goldman Sachs ActiveBeta International Equity ETF by 5.7% in the first quarter. Root Financial Partners LLC now owns 4,835 shares of the company’s stock worth $209,000 after purchasing an additional 259 shares during the last quarter. Marino Stram & Associates LLC raised its holdings in Goldman Sachs ActiveBeta International Equity ETF by 3.3% during the 1st quarter. Marino Stram & Associates LLC now owns 8,287 shares of the company’s stock valued at $357,000 after buying an additional 261 shares during the last quarter. Clearwater Capital Advisors LLC raised its holdings in Goldman Sachs ActiveBeta International Equity ETF by 0.4% during the 1st quarter. Clearwater Capital Advisors LLC now owns 65,014 shares of the company’s stock valued at $2,804,000 after buying an additional 270 shares during the last quarter. Prudent Man Advisors LLC boosted its position in Goldman Sachs ActiveBeta International Equity ETF by 4.1% during the 4th quarter. Prudent Man Advisors LLC now owns 7,563 shares of the company’s stock valued at $325,000 after buying an additional 300 shares during the period. Finally, Harbor Investment Advisory LLC boosted its position in Goldman Sachs ActiveBeta International Equity ETF by 30.2% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,845 shares of the company’s stock valued at $80,000 after buying an additional 428 shares during the period.
Goldman Sachs ActiveBeta International Equity ETF Trading Down 0.2%
GSIE stock traded down $0.11 during mid-day trading on Monday, reaching $48.18. The company’s stock had a trading volume of 380,686 shares, compared to its average volume of 507,088. Goldman Sachs ActiveBeta International Equity ETF has a 12 month low of $39.95 and a 12 month high of $48.38. The business’s 50 day moving average price is $46.35 and its 200 day moving average price is $45.45. The company has a market cap of $6.15 billion, a price-to-earnings ratio of 15.44 and a beta of 0.77.
About Goldman Sachs ActiveBeta International Equity ETF
The Goldman Sachs ActiveBeta International Equity ETF (GSIE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of stocks in developed markets outside of the US comprising four sub-indices: value, momentum, quality and low volatility. The index uses multiple factors to pick stocks, and each sub-index receives equal weight. GSIE was launched on Nov 6, 2015 and is managed by Goldman Sachs.
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