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

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 239,197 shares, a decline of 44.9% from the June 15th total of 433,870 shares. Based on an average daily volume of 79,879 shares, the days-to-cover ratio is presently 3.0 days. Currently, 0.7% of the company’s shares are sold short.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Up 1.6%

NYSEARCA:GEM opened at $50.06 on Wednesday. The company has a market cap of $1.69 billion, a P/E ratio of 13.33 and a beta of 0.70. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a fifty-two week low of $36.97 and a fifty-two week high of $54.29. The firm’s 50 day moving average is $51.13 and its two-hundred day moving average is $47.16.

Institutional Trading of Goldman Sachs ActiveBeta Emerging Markets Equity ETF

A number of institutional investors and hedge funds have recently made changes to their positions in GEM. Wells Fargo & Company MN raised its position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 7.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,127,553 shares of the company’s stock valued at $171,789,000 after purchasing an additional 276,247 shares during the period. Royal Bank of Canada lifted its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 55.9% during the first quarter. Royal Bank of Canada now owns 486,143 shares of the company’s stock worth $21,001,000 after purchasing an additional 174,317 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 722.4% in the second quarter. Marshall Wace LLP now owns 147,817 shares of the company’s stock worth $5,500,000 after buying an additional 129,843 shares during the period. Jane Street Group LLC boosted its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 932.6% in the second quarter. Jane Street Group LLC now owns 131,318 shares of the company’s stock worth $4,886,000 after buying an additional 118,601 shares during the period. Finally, Elevation Point Wealth Partners LLC grew its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 202.6% in the fourth quarter. Elevation Point Wealth Partners LLC now owns 151,736 shares of the company’s stock valued at $6,315,000 after buying an additional 101,591 shares in the last quarter.

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.