Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Sees Large Growth in Short Interest

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 348,453 shares, a growth of 176.9% from the September 30th total of 125,851 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average trading volume of 208,720 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GEM. Rogco LP acquired a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the second quarter valued at approximately $25,000. Advisortrust Partners LLC acquired a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the first quarter worth $42,000. Turtle Creek Wealth Advisors LLC acquired a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the third quarter worth $50,000. Root Financial Partners LLC bought a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the third quarter valued at $52,000. Finally, Global Assets Advisory LLC bought a new stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the first quarter valued at $47,000.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Trading Down 2.9%

Shares of NYSEARCA GEM opened at $46.58 on Friday. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 12-month low of $40.18 and a 12-month high of $54.29. The company has a market cap of $1.64 billion, a P/E ratio of 13.33 and a beta of 0.71. The stock has a fifty day moving average price of $50.52 and a 200 day moving average price of $48.61.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Company Profile

The Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of emerging market stocks comprising 4 sub-indexes: value, momentum, quality, and low volatility. The index uses multiple factors to pick stocks, and each sub-index receives equal weight. GEM was launched on Sep 29, 2015 and is managed by Goldman Sachs.