Goldman Sachs ActiveBeta Europe Equity ETF (NYSEARCA:GSEU) Stock Short Interest Rises 121.6%

Goldman Sachs ActiveBeta Europe Equity ETF (NYSEARCA:GSEU) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 8,266 shares, a growth of 121.6% from the September 30th total of 3,730 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 11,321 shares, the days-to-cover ratio is currently 0.7 days.

Goldman Sachs ActiveBeta Europe Equity ETF Stock Down 0.7%

Shares of Goldman Sachs ActiveBeta Europe Equity ETF stock traded down $0.34 on Friday, hitting $48.09. The company’s stock had a trading volume of 3,848 shares, compared to its average volume of 15,350. Goldman Sachs ActiveBeta Europe Equity ETF has a 52-week low of $42.38 and a 52-week high of $50.82. The firm has a fifty day moving average price of $48.59 and a 200-day moving average price of $48.11. The company has a market capitalization of $173.12 million, a P/E ratio of 15.76 and a beta of 0.82.

Institutional Trading of Goldman Sachs ActiveBeta Europe Equity ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Founders Financial Securities LLC acquired a new stake in shares of Goldman Sachs ActiveBeta Europe Equity ETF in the third quarter valued at approximately $271,000. Integrated Wealth Concepts LLC purchased a new position in shares of Goldman Sachs ActiveBeta Europe Equity ETF during the 2nd quarter worth approximately $152,000. Finally, Wealthfront Advisers LLC increased its stake in shares of Goldman Sachs ActiveBeta Europe Equity ETF by 26.3% during the 1st quarter. Wealthfront Advisers LLC now owns 16,406 shares of the company’s stock worth $742,000 after purchasing an additional 3,417 shares in the last quarter.

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.