Short Interest in Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Declines By 45.3%

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 182,746 shares, a drop of 45.3% from the July 15th total of 333,940 shares. Based on an average trading volume of 425,240 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are short sold.

Goldman Sachs ActiveBeta International Equity ETF Stock Performance

GSIE opened at $47.74 on Wednesday. The firm has a 50 day moving average price of $46.46 and a 200 day moving average price of $45.49. Goldman Sachs ActiveBeta International Equity ETF has a 1 year low of $39.95 and a 1 year high of $48.38. The company has a market cap of $6.09 billion, a PE ratio of 15.44 and a beta of 0.77.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta International Equity ETF

A number of institutional investors have recently added to or reduced their stakes in GSIE. Root Financial Partners LLC lifted its holdings in shares of Goldman Sachs ActiveBeta International Equity ETF by 5.7% during the 1st quarter. Root Financial Partners LLC now owns 4,835 shares of the company’s stock worth $209,000 after acquiring an additional 259 shares during the period. Marino Stram & Associates LLC raised its stake in Goldman Sachs ActiveBeta International Equity ETF by 3.3% during the first quarter. Marino Stram & Associates LLC now owns 8,287 shares of the company’s stock worth $357,000 after buying an additional 261 shares during the last quarter. Clearwater Capital Advisors LLC lifted its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 0.4% during the 1st quarter. Clearwater Capital Advisors LLC now owns 65,014 shares of the company’s stock valued at $2,804,000 after acquiring an additional 270 shares during the period. Prudent Man Advisors LLC raised its holdings in Goldman Sachs ActiveBeta International Equity ETF by 4.1% during the fourth quarter. Prudent Man Advisors LLC now owns 7,563 shares of the company’s stock worth $325,000 after buying an additional 300 shares during the last quarter. Finally, Harbor Investment Advisory LLC grew its position in Goldman Sachs ActiveBeta International Equity ETF by 30.2% in the 1st quarter. Harbor Investment Advisory LLC now owns 1,845 shares of the company’s stock worth $80,000 after purchasing an additional 428 shares in the last quarter.

About Goldman Sachs ActiveBeta International Equity ETF

The Goldman Sachs ActiveBeta International Equity ETF (GSIE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of stocks in developed markets outside of the US comprising four sub-indices: value, momentum, quality and low volatility. The index uses multiple factors to pick stocks, and each sub-index receives equal weight. GSIE was launched on Nov 6, 2015 and is managed by Goldman Sachs.