Goldman Sachs MarketBeta International Equity ETF (BATS:GSID) Sees Significant Increase in Short Interest

Goldman Sachs MarketBeta International Equity ETF (BATS:GSID) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 31,345 shares, a growth of 74.2% from the September 15th total of 17,996 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 126,218 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Goldman Sachs MarketBeta International Equity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in GSID. Envestnet Asset Management Inc. lifted its stake in Goldman Sachs MarketBeta International Equity ETF by 6.3% during the second quarter. Envestnet Asset Management Inc. now owns 550,097 shares of the company’s stock worth $41,334,000 after purchasing an additional 32,714 shares during the last quarter. Elevation Point Wealth Partners LLC boosted its holdings in Goldman Sachs MarketBeta International Equity ETF by 67.1% in the first quarter. Elevation Point Wealth Partners LLC now owns 176,787 shares of the company’s stock valued at $12,356,000 after purchasing an additional 70,961 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Goldman Sachs MarketBeta International Equity ETF in the first quarter valued at approximately $916,000. Envestnet Portfolio Solutions Inc. increased its stake in Goldman Sachs MarketBeta International Equity ETF by 8.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 137,972 shares of the company’s stock valued at $10,367,000 after purchasing an additional 10,545 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new position in Goldman Sachs MarketBeta International Equity ETF in the first quarter valued at approximately $633,000.

Goldman Sachs MarketBeta International Equity ETF Stock Performance

BATS:GSID opened at $74.76 on Friday. The stock has a 50-day simple moving average of $76.76 and a 200-day simple moving average of $75.34. The stock has a market cap of $994.31 million, a P/E ratio of 16.38 and a beta of 0.84. Goldman Sachs MarketBeta International Equity ETF has a 1 year low of $65.01 and a 1 year high of $78.82.

About Goldman Sachs MarketBeta International Equity ETF

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