Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) Short Interest Down 46.5% in May

Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 26,426 shares, a drop of 46.5% from the April 30th total of 49,371 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 20,897 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Trading of Goldman Sachs Future Tech Leaders Equity ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada raised its position in Goldman Sachs Future Tech Leaders Equity ETF by 101.5% in the 1st 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 last quarter. NewEdge Advisors LLC purchased a new position in Goldman Sachs Future Tech Leaders Equity ETF during the 3rd quarter worth $134,000. Fifth Third Bancorp acquired a new position in Goldman Sachs Future Tech Leaders Equity ETF in the first quarter valued at $170,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Goldman Sachs Future Tech Leaders Equity ETF in the fourth quarter valued at about $280,000. Finally, Kestra Advisory Services LLC raised its holdings 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 valued at $493,000 after buying an additional 1,715 shares during the last quarter.

Goldman Sachs Future Tech Leaders Equity ETF Stock Up 0.5%

GTEK traded up $0.27 during trading on Monday, hitting $59.73. 4,490 shares of the stock were exchanged, compared to its average volume of 20,078. Goldman Sachs Future Tech Leaders Equity ETF has a 1-year low of $32.75 and a 1-year high of $59.99. The stock has a fifty day moving average price of $49.23 and a two-hundred day moving average price of $43.85. The firm has a market capitalization of $238.92 million, a P/E ratio of 31.43 and a beta of 1.38.

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.