Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Sees Significant Increase in Short Interest

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 500,357 shares, a growth of 112.0% from the May 14th total of 236,002 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 368,481 shares, the days-to-cover ratio is presently 1.4 days.

Goldman Sachs ActiveBeta International Equity ETF Trading Up 0.3%

Goldman Sachs ActiveBeta International Equity ETF stock traded up $0.14 during midday trading on Friday, hitting $46.08. The stock had a trading volume of 351,885 shares, compared to its average volume of 534,145. The firm’s fifty day moving average is $45.33 and its two-hundred day moving average is $44.34. The company has a market capitalization of $5.77 billion, a PE ratio of 15.44 and a beta of 0.77. Goldman Sachs ActiveBeta International Equity ETF has a 52-week low of $38.53 and a 52-week high of $46.86.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta International Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP increased its holdings in Goldman Sachs ActiveBeta International Equity ETF by 8.6% in the 3rd quarter. Allworth Financial LP now owns 3,096 shares of the company’s stock worth $127,000 after acquiring an additional 244 shares in the last quarter. Fifth Third Securities Inc. grew its holdings in Goldman Sachs ActiveBeta International Equity ETF by 1.7% during the 4th quarter. Fifth Third Securities Inc. now owns 15,459 shares of the company’s stock valued at $664,000 after buying an additional 252 shares in the last quarter. Root Financial Partners LLC grew its holdings in Goldman Sachs ActiveBeta International Equity ETF by 5.7% during the 1st quarter. Root Financial Partners LLC now owns 4,835 shares of the company’s stock valued at $209,000 after buying an additional 259 shares in the last quarter. Marino Stram & Associates LLC grew 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 in the last quarter. Finally, Clearwater Capital Advisors LLC grew 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 in the last quarter.

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.