Short Interest in Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) Rises By 200.2%

Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 9,178 shares, an increase of 200.2% from the July 30th total of 3,057 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 16,380 shares, the days-to-cover ratio is presently 0.6 days.

Gadsden Dynamic Multi-Asset ETF Price Performance

BATS:GDMA traded up $0.25 during mid-day trading on Thursday, reaching $42.77. 5,002 shares of the company’s stock traded hands, compared to its average volume of 16,258. The company has a 50 day moving average price of $42.34 and a 200-day moving average price of $41.83. The firm has a market capitalization of $156.54 million, a price-to-earnings ratio of 18.40 and a beta of 0.10. Gadsden Dynamic Multi-Asset ETF has a 12-month low of $35.50 and a 12-month high of $44.04.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Gadsden Dynamic Multi-Asset ETF stock. Redwood Wealth Management Group LLC acquired a new stake in Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,693 shares of the company’s stock, valued at approximately $313,000. Redwood Wealth Management Group LLC owned approximately 0.21% of Gadsden Dynamic Multi-Asset ETF at the end of the most recent quarter.

Gadsden Dynamic Multi-Asset ETF Company Profile

The Alpha Architect Gadsden Dynamic Multi-Asset ETF (GDMA) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed portfolio that may hold any asset class. The fund seeks total return. GDMA was launched on Nov 14, 2018 and is managed by Gadsden.