Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) Sees Significant Increase in Short Interest

Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 81,174 shares, a growth of 76.8% from the July 30th total of 45,911 shares. Based on an average trading volume of 14,319 shares, the days-to-cover ratio is currently 5.7 days. Currently, 1.9% of the shares of the company are sold short.

Institutional Trading of Goldman Sachs Future Tech Leaders Equity ETF

A number of large investors have recently modified their holdings of the company. Royal Bank of Canada increased its stake in shares of Goldman Sachs Future Tech Leaders Equity ETF by 101.5% in the first quarter. Royal Bank of Canada now owns 2,015 shares of the company’s stock valued at $82,000 after purchasing an additional 1,015 shares during the period. NewEdge Advisors LLC bought a new stake in Goldman Sachs Future Tech Leaders Equity ETF during the 3rd quarter valued at $134,000. Fifth Third Bancorp acquired a new position in Goldman Sachs Future Tech Leaders Equity ETF during the 1st quarter worth $170,000. Mercer Global Advisors Inc. ADV acquired a new position in Goldman Sachs Future Tech Leaders Equity ETF during the 4th quarter worth $280,000. Finally, Kestra Advisory Services LLC grew its stake in shares of Goldman Sachs Future Tech Leaders Equity ETF by 16.2% in the fourth quarter. Kestra Advisory Services LLC now owns 12,326 shares of the company’s stock worth $493,000 after purchasing an additional 1,715 shares in the last quarter.

Goldman Sachs Future Tech Leaders Equity ETF Stock Performance

Shares of NYSEARCA:GTEK opened at $57.14 on Monday. Goldman Sachs Future Tech Leaders Equity ETF has a 1-year low of $35.80 and a 1-year high of $63.22. The company’s fifty day moving average is $57.58 and its two-hundred day moving average is $51.97. The stock has a market capitalization of $239.99 million, a price-to-earnings ratio of 31.43 and a beta of 1.41.

Goldman Sachs Future Tech Leaders Equity ETF Company Profile

The Goldman Sachs Future Tech Leaders Equity ETF (GTEK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively invests in potentially growing technology companies that are believed to drive tech innovation around the world. GTEK was launched on Sep 14, 2021 and is managed by Goldman Sachs.