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

Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 16,152 shares, an increase of 76.0% from the August 15th total of 9,178 shares. Based on an average daily volume of 8,576 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.4% of the shares of the company are short sold.

Gadsden Dynamic Multi-Asset ETF Price Performance

BATS GDMA opened at $41.47 on Friday. The stock has a market capitalization of $151.78 million, a price-to-earnings ratio of 18.40 and a beta of 0.10. Gadsden Dynamic Multi-Asset ETF has a one year low of $37.48 and a one year high of $44.04. The business’s fifty day moving average is $42.21 and its 200-day moving average is $41.82.

Institutional Trading of Gadsden Dynamic Multi-Asset ETF

A hedge fund recently bought a new stake in Gadsden Dynamic Multi-Asset ETF stock. Redwood Wealth Management Group LLC acquired a new position in Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

Gadsden Dynamic Multi-Asset ETF Company Profile

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.