Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) Short Interest Update

Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 81,174 shares, a growth of 76.8% from the July 30th total of 45,911 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average trading volume of 14,319 shares, the short-interest ratio is currently 5.7 days.

Institutional Investors Weigh In On Goldman Sachs Future Tech Leaders Equity ETF

Large investors have recently modified their holdings of the business. Royal Bank of Canada raised its position in shares of Goldman Sachs Future Tech Leaders Equity ETF by 101.5% in the first quarter. Royal Bank of Canada now owns 2,015 shares of the company’s stock valued at $82,000 after buying an additional 1,015 shares during the last quarter. NewEdge Advisors LLC acquired a new position in Goldman Sachs Future Tech Leaders Equity ETF during the third quarter worth about $134,000. Fifth Third Bancorp acquired a new position in Goldman Sachs Future Tech Leaders Equity ETF during the first quarter worth about $170,000. Mercer Global Advisors Inc. ADV purchased a new stake in Goldman Sachs Future Tech Leaders Equity ETF during the 4th quarter valued at about $280,000. Finally, Kestra Advisory Services LLC raised its holdings in Goldman Sachs Future Tech Leaders Equity ETF by 16.2% in the 4th quarter. Kestra Advisory Services LLC now owns 12,326 shares of the company’s stock valued at $493,000 after acquiring an additional 1,715 shares during the last quarter.

Goldman Sachs Future Tech Leaders Equity ETF Stock Performance

Shares of GTEK traded down $0.17 during trading hours on Tuesday, hitting $56.59. 219 shares of the stock were exchanged, compared to its average volume of 20,753. The stock’s 50-day moving average price is $57.46 and its two-hundred day moving average price is $52.07. Goldman Sachs Future Tech Leaders Equity ETF has a 12-month low of $35.80 and a 12-month high of $63.22. The company has a market cap of $237.68 million, a price-to-earnings ratio of 31.43 and a beta of 1.41.

About Goldman Sachs Future Tech Leaders Equity ETF

The Goldman Sachs Future Tech Leaders Equity ETF (GTEK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively invests in potentially growing technology companies that are believed to drive tech innovation around the world. GTEK was launched on Sep 14, 2021 and is managed by Goldman Sachs.