Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) Sees Significant Increase in Short Interest

Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 9,178 shares, an increase of 200.2% from the July 30th total of 3,057 shares. Based on an average daily volume of 16,380 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the company’s shares are sold short.

Gadsden Dynamic Multi-Asset ETF Stock Down 1.1%

Shares of BATS:GDMA opened at $42.33 on Friday. The company has a market cap of $154.93 million, a P/E ratio of 18.40 and a beta of 0.10. Gadsden Dynamic Multi-Asset ETF has a 52 week low of $35.50 and a 52 week high of $44.04. The business has a fifty day simple moving average of $42.31 and a 200-day simple moving average of $41.84.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Gadsden Dynamic Multi-Asset ETF stock. Redwood Wealth Management Group LLC acquired a new position in shares of Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 7,693 shares of the company’s stock, valued at approximately $313,000. Redwood Wealth Management Group LLC owned 0.21% of Gadsden Dynamic Multi-Asset ETF at the end of the most recent reporting period.

About Gadsden Dynamic Multi-Asset ETF

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.