Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) Shares Shorted: Short Interest Down 65.8% in September

Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 5,524 shares, a decrease of 65.8% from the August 31st total of 16,152 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 6,673 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On Gadsden Dynamic Multi-Asset ETF

An institutional investor recently bought a new stake in Gadsden Dynamic Multi-Asset ETF stock. Redwood Wealth Management Group LLC acquired a new stake in shares of Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,693 shares of the company’s stock, valued at approximately $313,000. Redwood Wealth Management Group LLC owned about 0.21% of Gadsden Dynamic Multi-Asset ETF at the end of the most recent quarter.

Gadsden Dynamic Multi-Asset ETF Stock Up 0.2%

Shares of BATS GDMA opened at $41.27 on Friday. Gadsden Dynamic Multi-Asset ETF has a 52 week low of $37.48 and a 52 week high of $44.04. The firm’s fifty day moving average is $42.18 and its 200 day moving average is $41.81. The company has a market cap of $151.05 million, a price-to-earnings ratio of 18.40 and a beta of 0.10.

About Gadsden Dynamic Multi-Asset ETF

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.