Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) Short Interest Down 19.7% in December

Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 4,647 shares, a decline of 19.7% from the November 30th total of 5,785 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 19,958 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 19,958 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. grew its stake in shares of Goldman Sachs Future Tech Leaders Equity ETF by 70.0% in the first quarter. Raymond James Financial Inc. now owns 237,228 shares of the company’s stock valued at $7,041,000 after buying an additional 97,666 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Goldman Sachs Future Tech Leaders Equity ETF by 0.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,072,169 shares of the company’s stock valued at $31,820,000 after acquiring an additional 6,698 shares during the period. Jane Street Group LLC acquired a new position in Goldman Sachs Future Tech Leaders Equity ETF in the 1st quarter valued at about $922,000. Heartwood Wealth Advisors LLC grew its position in Goldman Sachs Future Tech Leaders Equity ETF by 1.3% in the 2nd quarter. Heartwood Wealth Advisors LLC now owns 551,464 shares of the company’s stock valued at $19,897,000 after acquiring an additional 6,896 shares in the last quarter. Finally, Private Wealth Partners LLC purchased a new stake in Goldman Sachs Future Tech Leaders Equity ETF during the second quarter worth about $216,000.

Goldman Sachs Future Tech Leaders Equity ETF Price Performance

Shares of GTEK stock traded down $0.37 during trading hours on Wednesday, hitting $39.96. The company had a trading volume of 12,140 shares, compared to its average volume of 12,633. The stock has a market capitalization of $187.81 million, a PE ratio of 31.43 and a beta of 1.27. The company’s fifty day moving average is $39.72 and its 200 day moving average is $37.92. Goldman Sachs Future Tech Leaders Equity ETF has a fifty-two week low of $25.18 and a fifty-two week high of $41.79.

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.