Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW – Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 98,286 shares, a growth of 112.0% from the July 30th total of 46,362 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 110,007 shares, the days-to-cover ratio is currently 0.9 days.
Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Trading Down 0.6%
Shares of GSEW opened at $97.75 on Friday. The company’s 50-day moving average price is $95.91 and its 200 day moving average price is $91.58. Goldman Sachs Equal Weight U.S. Large Cap Equity ETF has a 12-month low of $80.92 and a 12-month high of $99.42. The firm has a market cap of $1.53 billion, a P/E ratio of 21.82 and a beta of 1.01.
Institutional Investors Weigh In On Goldman Sachs Equal Weight U.S. Large Cap Equity ETF
A number of institutional investors and hedge funds have recently made changes to their positions in GSEW. Sequoia Financial Advisors LLC lifted its holdings in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 8.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,778 shares of the company’s stock worth $235,000 after acquiring an additional 207 shares during the last quarter. Cetera Investment Advisers increased its holdings in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 1.7% in the 4th quarter. Cetera Investment Advisers now owns 12,923 shares of the company’s stock valued at $1,100,000 after purchasing an additional 212 shares during the last quarter. WBH Advisory Inc. increased its holdings in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 6.4% in the 1st quarter. WBH Advisory Inc. now owns 3,703 shares of the company’s stock valued at $315,000 after purchasing an additional 223 shares during the last quarter. Captrust Financial Advisors raised its position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 8.3% in the fourth quarter. Captrust Financial Advisors now owns 3,050 shares of the company’s stock valued at $260,000 after purchasing an additional 233 shares during the period. Finally, Parallel Advisors LLC purchased a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the fourth quarter valued at approximately $26,000.
Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Company Profile
The Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an equal-weighted index of US large-cap stocks. GSEW was launched on Sep 12, 2017 and is managed by Goldman Sachs.
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