Goldman Sachs ActiveBeta Japan Equity ETF (NYSEARCA:GSJY) Sees Significant Increase in Short Interest

Goldman Sachs ActiveBeta Japan Equity ETF (NYSEARCA:GSJY) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 232,873 shares, a growth of 9,366.4% from the December 31st total of 2,460 shares. Based on an average daily volume of 19,810 shares, the days-to-cover ratio is currently 11.8 days. Approximately 14.6% of the company’s shares are short sold. Approximately 14.6% of the company’s shares are short sold. Based on an average daily volume of 19,810 shares, the days-to-cover ratio is currently 11.8 days.

Goldman Sachs ActiveBeta Japan Equity ETF Stock Performance

Shares of Goldman Sachs ActiveBeta Japan Equity ETF stock traded up $0.68 during trading hours on Tuesday, hitting $49.48. The company’s stock had a trading volume of 4,618 shares, compared to its average volume of 14,372. The stock has a market cap of $79.17 million, a price-to-earnings ratio of 14.30 and a beta of 0.65. Goldman Sachs ActiveBeta Japan Equity ETF has a twelve month low of $33.56 and a twelve month high of $49.70. The firm has a fifty day moving average of $47.41 and a 200-day moving average of $45.61.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Betterment LLC raised its stake in shares of Goldman Sachs ActiveBeta Japan Equity ETF by 6.9% in the 3rd quarter. Betterment LLC now owns 1,061,442 shares of the company’s stock valued at $47,871,000 after acquiring an additional 68,292 shares during the period. Jane Street Group LLC raised its position in Goldman Sachs ActiveBeta Japan Equity ETF by 56.1% in the first quarter. Jane Street Group LLC now owns 95,107 shares of the company’s stock valued at $3,661,000 after purchasing an additional 34,188 shares during the period. Finally, Wealthfront Advisers LLC purchased a new stake in Goldman Sachs ActiveBeta Japan Equity ETF in the third quarter valued at approximately $209,000.

About Goldman Sachs ActiveBeta Japan Equity ETF

The Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of Japanese large- and mid-cap equities, with equal weights to each of 4 factor buckets and stocks within each bucket weighted by a factor score. GSJY was launched on Mar 2, 2016 and is managed by Goldman Sachs.