Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) Sees Large Drop in Short Interest

Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 3,057 shares, a decrease of 86.2% from the July 15th total of 22,226 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 34,578 shares, the days-to-cover ratio is presently 0.1 days.

Gadsden Dynamic Multi-Asset ETF Stock Performance

GDMA stock opened at $42.73 on Wednesday. The firm has a fifty day moving average price of $42.15 and a 200 day moving average price of $41.76. Gadsden Dynamic Multi-Asset ETF has a fifty-two week low of $35.50 and a fifty-two week high of $44.04. The firm has a market cap of $156.39 million, a PE ratio of 18.40 and a beta of 0.10.

Hedge Funds Weigh In On Gadsden Dynamic Multi-Asset ETF

A hedge fund recently bought a new position in Gadsden Dynamic Multi-Asset ETF stock. Redwood Wealth Management Group LLC bought a new position in Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 7,693 shares of the company’s stock, valued at approximately $313,000. Redwood Wealth Management Group LLC owned about 0.21% of Gadsden Dynamic Multi-Asset ETF as of its most recent SEC filing.

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.