Short Interest in Goldman Sachs Access Emerging Markets USD Bond ETF (BATS:GEMD) Grows By 125.5%

Goldman Sachs Access Emerging Markets USD Bond ETF (BATS:GEMD) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 6,392 shares, a growth of 125.5% from the May 14th total of 2,835 shares. Based on an average daily volume of 4,388 shares, the short-interest ratio is currently 1.5 days. Approximately 0.9% of the company’s shares are short sold.

Goldman Sachs Access Emerging Markets USD Bond ETF Stock Performance

Shares of Goldman Sachs Access Emerging Markets USD Bond ETF stock opened at $42.39 on Friday. Goldman Sachs Access Emerging Markets USD Bond ETF has a 52-week low of $40.35 and a 52-week high of $43.26. The company’s 50 day moving average price is $42.08 and its 200-day moving average price is $42.32.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC grew its holdings in shares of Goldman Sachs Access Emerging Markets USD Bond ETF by 13.3% in the first quarter. NewEdge Advisors LLC now owns 8,448 shares of the company’s stock worth $342,000 after purchasing an additional 990 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Goldman Sachs Access Emerging Markets USD Bond ETF by 58.8% during the fourth quarter. Jane Street Group LLC now owns 41,677 shares of the company’s stock valued at $1,769,000 after acquiring an additional 15,436 shares in the last quarter. Finally, Betterment LLC raised its holdings in shares of Goldman Sachs Access Emerging Markets USD Bond ETF by 2.8% during the fourth quarter. Betterment LLC now owns 601,446 shares of the company’s stock valued at $25,531,000 after acquiring an additional 16,597 shares in the last quarter.

About Goldman Sachs Access Emerging Markets USD Bond ETF

The Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market value-weighted index of USD-denominated emerging markets government bonds of various credit quality and maturity. Bonds are selected by multiple economic factors such as governance indicators, import coverage, and inflation. GEMD was launched on Feb 15, 2022 and is managed by Goldman Sachs.