Short Interest in Goldman Sachs ActiveBeta Europe Equity ETF (NYSEARCA:GSEU) Increases By 74.2%

Goldman Sachs ActiveBeta Europe Equity ETF (NYSEARCA:GSEU) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 14,656 shares, an increase of 74.2% from the May 31st total of 8,412 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,731 shares, the short-interest ratio is currently 2.2 days.

Goldman Sachs ActiveBeta Europe Equity ETF Stock Performance

Shares of NYSEARCA GSEU opened at $48.99 on Friday. Goldman Sachs ActiveBeta Europe Equity ETF has a 12-month low of $40.90 and a 12-month high of $50.08. The stock has a market cap of $122.47 million, a PE ratio of 15.76 and a beta of 0.83. The company has a 50-day moving average of $48.32 and a 200 day moving average of $47.31.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta Europe Equity ETF

A number of large investors have recently made changes to their positions in the stock. SHP Wealth Management acquired a new stake in shares of Goldman Sachs ActiveBeta Europe Equity ETF in the fourth quarter valued at approximately $74,000. Wealthfront Advisers LLC boosted its stake in Goldman Sachs ActiveBeta Europe Equity ETF by 26.3% during the first quarter. Wealthfront Advisers LLC now owns 16,406 shares of the company’s stock worth $742,000 after buying an additional 3,417 shares during the last quarter. Founders Financial Securities LLC acquired a new position in Goldman Sachs ActiveBeta Europe Equity ETF during the fourth quarter worth $209,000. Legacy Advisors LLC purchased a new stake in Goldman Sachs ActiveBeta Europe Equity ETF in the 3rd quarter valued at $227,000. Finally, Citadel Advisors LLC purchased a new stake in Goldman Sachs ActiveBeta Europe Equity ETF in the 3rd quarter valued at $313,000.

Goldman Sachs ActiveBeta Europe Equity ETF Company Profile

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