Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) Sees Significant Growth in Short Interest

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 98,286 shares, an increase of 112.0% from the July 30th total of 46,362 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 110,007 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in GSEW. AlphaCore Capital LLC bought a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF during the 4th quarter valued at $7,108,000. Dorsey & Whitney Trust CO LLC raised its holdings in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 10.3% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 58,995 shares of the company’s stock worth $5,022,000 after buying an additional 5,522 shares during the period. Advisors Preferred LLC lifted its stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 167.4% during the first quarter. Advisors Preferred LLC now owns 100,000 shares of the company’s stock valued at $8,466,000 after buying an additional 62,600 shares in the last quarter. Astra Wealth Partners LLC acquired a new position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the 4th quarter worth approximately $509,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 140.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 205,983 shares of the company’s stock valued at $17,533,000 after buying an additional 120,394 shares in the last quarter.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Price Performance

Shares of GSEW opened at $97.75 on Friday. The business’s fifty day moving average price is $95.91 and its 200 day moving average price is $91.58. Goldman Sachs Equal Weight U.S. Large Cap Equity ETF has a 12-month low of $80.92 and a 12-month high of $99.42. The stock has a market capitalization of $1.53 billion, a PE ratio of 21.82 and a beta of 1.01.

About Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

The Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an equal-weighted index of US large-cap stocks. GSEW was launched on Sep 12, 2017 and is managed by Goldman Sachs.