Goldman Sachs India Equity ETF (NASDAQ:GIND) Sees Significant Increase in Short Interest

Goldman Sachs India Equity ETF (NASDAQ:GIND) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 4,473 shares, a growth of 65.9% from the August 31st total of 2,696 shares. Based on an average trading volume of 3,692 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.1% of the company’s stock are sold short.

Goldman Sachs India Equity ETF Stock Down 0.3%

Shares of GIND traded down $0.08 during midday trading on Wednesday, hitting $23.44. The company had a trading volume of 3,022 shares, compared to its average volume of 14,939. The company’s 50 day moving average price is $24.66 and its 200 day moving average price is $23.99. The stock has a market cap of $157.05 million, a price-to-earnings ratio of 25.78 and a beta of 0.88. Goldman Sachs India Equity ETF has a 52 week low of $21.43 and a 52 week high of $27.60.

Goldman Sachs India Equity ETF Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 24th will be paid a $0.1731 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Thursday, September 24th.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Goldman Sachs India Equity ETF stock. Circle Wealth Management LLC purchased a new stake in Goldman Sachs India Equity ETF (NASDAQ:GIND) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 1,038,508 shares of the company’s stock, valued at approximately $27,422,000. Goldman Sachs India Equity ETF comprises 0.4% of Circle Wealth Management LLC’s portfolio, making the stock its 20th biggest position. Circle Wealth Management LLC owned approximately 19.23% of Goldman Sachs India Equity ETF as of its most recent filing with the SEC.

Goldman Sachs India Equity ETF Company Profile

The Goldman Sachs India Equity ETF seeks to provide investment results that correspond to the performance of publicly traded securities of companies located in India.