Short Interest in Goldman Sachs ActiveBeta Europe Equity ETF (NYSEARCA:GSEU) Expands By 74.2%

Goldman Sachs ActiveBeta Europe Equity ETF (NYSEARCA:GSEU) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 14,656 shares, a growth of 74.2% from the May 31st total of 8,412 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 6,731 shares, the days-to-cover ratio is presently 2.2 days.

Goldman Sachs ActiveBeta Europe Equity ETF Stock Performance

Shares of Goldman Sachs ActiveBeta Europe Equity ETF stock traded up $0.64 during midday trading on Thursday, hitting $48.77. 8,331 shares of the company traded hands, compared to its average volume of 12,165. The stock has a market cap of $121.93 million, a price-to-earnings ratio of 15.76 and a beta of 0.83. The firm’s fifty day moving average price is $48.28 and its 200-day moving average price is $47.27. Goldman Sachs ActiveBeta Europe Equity ETF has a 12 month low of $40.90 and a 12 month high of $50.08.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GSEU. Betterment LLC increased its holdings in Goldman Sachs ActiveBeta Europe Equity ETF by 2.4% in the 3rd quarter. Betterment LLC now owns 1,986,093 shares of the company’s stock worth $86,713,000 after purchasing an additional 46,922 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Goldman Sachs ActiveBeta Europe Equity ETF by 5.9% during the fourth quarter. LPL Financial LLC now owns 189,781 shares of the company’s stock valued at $8,671,000 after purchasing an additional 10,517 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Goldman Sachs ActiveBeta Europe Equity ETF by 50.3% during the second quarter. Jane Street Group LLC now owns 135,041 shares of the company’s stock worth $5,717,000 after purchasing an additional 45,204 shares during the last quarter. Wealthfront Advisers LLC grew its holdings in shares of Goldman Sachs ActiveBeta Europe Equity ETF by 26.3% during the first quarter. Wealthfront Advisers LLC now owns 16,406 shares of the company’s stock worth $742,000 after purchasing an additional 3,417 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of Goldman Sachs ActiveBeta Europe Equity ETF in the third quarter valued at approximately $313,000.

Goldman Sachs ActiveBeta Europe Equity ETF Company Profile

The Goldman Sachs ActiveBeta Europe Equity ETF (GSEU) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of developed Europe large- and mid-cap equities, with equal weights to each of four factor buckets and stocks within each bucket weighted by a factor score. GSEU was launched on Mar 2, 2016 and is managed by Goldman Sachs.