Goldman Sachs MarketBeta U.S. Equity ETF (BATS:GSUS) Stock Short Interest Rises 3,070.8%

Goldman Sachs MarketBeta U.S. Equity ETF (BATS:GSUS) was the target of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 707,595 shares, a growth of 3,070.8% from the October 15th total of 22,316 shares. Currently, 2.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 142,184 shares, the days-to-cover ratio is currently 5.0 days.

Goldman Sachs MarketBeta U.S. Equity ETF Stock Down 0.4%

Goldman Sachs MarketBeta U.S. Equity ETF stock opened at $103.55 on Wednesday. Goldman Sachs MarketBeta U.S. Equity ETF has a 52 week low of $86.68 and a 52 week high of $108.19. The firm’s 50-day simple moving average is $105.81 and its 200 day simple moving average is $100.89. The firm has a market capitalization of $3.16 billion, a PE ratio of 26.28 and a beta of 1.02.

Hedge Funds Weigh In On Goldman Sachs MarketBeta U.S. Equity ETF

Hedge funds have recently added to or reduced their stakes in the business. Moors & Cabot Inc. acquired a new position in Goldman Sachs MarketBeta U.S. Equity ETF during the third quarter worth about $407,000. Allworth Financial LP grew its position in shares of Goldman Sachs MarketBeta U.S. Equity ETF by 265.1% in the third quarter. Allworth Financial LP now owns 7,170 shares of the company’s stock valued at $739,000 after purchasing an additional 5,206 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its position in shares of Goldman Sachs MarketBeta U.S. Equity ETF by 10.9% in the third quarter. Ashton Thomas Private Wealth LLC now owns 9,517 shares of the company’s stock valued at $1,005,000 after purchasing an additional 938 shares during the last quarter. Kestra Advisory Services LLC grew its position in shares of Goldman Sachs MarketBeta U.S. Equity ETF by 226.6% in the third quarter. Kestra Advisory Services LLC now owns 21,035 shares of the company’s stock valued at $2,221,000 after purchasing an additional 14,594 shares during the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Goldman Sachs MarketBeta U.S. Equity ETF in the third quarter valued at approximately $8,201,000.

About Goldman Sachs MarketBeta U.S. Equity ETF

The Goldman Sachs MarketBeta US Equity ETF (GSUS) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of US equities, selected and weighted by market capitalization. GSUS was launched on May 12, 2020 and is managed by Goldman Sachs.