Goldman Sachs Future Health Care Equity ETF (NYSEARCA:GDOC) Short Interest Up 143.0% in August

Goldman Sachs Future Health Care Equity ETF (NYSEARCA:GDOC) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 260 shares, an increase of 143.0% from the August 15th total of 107 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 622 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Goldman Sachs Future Health Care Equity ETF

A number of large investors have recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. bought a new stake in shares of Goldman Sachs Future Health Care Equity ETF in the second quarter valued at about $109,000. NewEdge Advisors LLC bought a new position in shares of Goldman Sachs Future Health Care Equity ETF during the second quarter worth about $303,000. Finally, Citadel Advisors LLC raised its position in Goldman Sachs Future Health Care Equity ETF by 42.2% in the 2nd quarter. Citadel Advisors LLC now owns 29,421 shares of the company’s stock valued at $1,061,000 after buying an additional 8,729 shares during the last quarter.

Goldman Sachs Future Health Care Equity ETF Stock Down 0.2%

NYSEARCA GDOC traded down $0.08 on Tuesday, hitting $36.62. The stock had a trading volume of 3,346 shares, compared to its average volume of 1,853. The company’s 50-day moving average is $36.79 and its two-hundred day moving average is $34.46. Goldman Sachs Future Health Care Equity ETF has a one year low of $31.32 and a one year high of $38.66. The stock has a market cap of $18.31 million, a price-to-earnings ratio of 28.36 and a beta of 0.75.

About Goldman Sachs Future Health Care Equity ETF

The Goldman Sachs Future Health Care Equity ETF (GDOC) is an exchange-traded fund that mostly invests in health care equity. The fund is actively managed to provide exposure to equities of companies that are driving innovation in healthcare globally. GDOC was launched on Nov 9, 2021 and is managed by Goldman Sachs.