Short Interest in Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Declines By 60.0%

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 200,223 shares, a drop of 60.0% from the May 31st total of 500,357 shares. Based on an average daily volume of 579,348 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Trading of Goldman Sachs ActiveBeta International Equity ETF

Several hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its stake in shares of Goldman Sachs ActiveBeta International Equity ETF by 3.5% in the fourth quarter. Wells Fargo & Company MN now owns 22,119,644 shares of the company’s stock worth $949,818,000 after purchasing an additional 747,167 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Goldman Sachs ActiveBeta International Equity ETF by 30.3% during the second quarter. Bank of America Corp DE now owns 4,516,794 shares of the company’s stock valued at $179,136,000 after purchasing an additional 1,050,477 shares in the last quarter. SigFig Wealth Management LLC lifted its holdings in Goldman Sachs ActiveBeta International Equity ETF by 1.7% in the fourth quarter. SigFig Wealth Management LLC now owns 4,478,415 shares of the company’s stock worth $192,303,000 after purchasing an additional 76,820 shares during the period. Morgan Stanley lifted its holdings in Goldman Sachs ActiveBeta International Equity ETF by 0.6% in the fourth quarter. Morgan Stanley now owns 3,313,212 shares of the company’s stock worth $142,269,000 after purchasing an additional 19,726 shares during the period. Finally, Betterment LLC grew its position in Goldman Sachs ActiveBeta International Equity ETF by 1.9% in the 3rd quarter. Betterment LLC now owns 3,253,245 shares of the company’s stock valued at $133,741,000 after buying an additional 61,801 shares in the last quarter.

Goldman Sachs ActiveBeta International Equity ETF Trading Up 0.3%

Shares of NYSEARCA GSIE opened at $45.70 on Wednesday. The stock has a 50 day simple moving average of $45.55 and a 200-day simple moving average of $44.70. The company has a market cap of $5.72 billion, a PE ratio of 15.44 and a beta of 0.77. Goldman Sachs ActiveBeta International Equity ETF has a 12-month low of $38.69 and a 12-month high of $46.90.

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.