Goldman Sachs Future Health Care Equity ETF (NYSEARCA:GDOC) Sees Significant Growth in Short Interest

Goldman Sachs Future Health Care Equity ETF (NYSEARCA:GDOC) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 260 shares, an increase of 143.0% from the August 15th total of 107 shares. Based on an average daily trading volume, of 622 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

Goldman Sachs Future Health Care Equity ETF Price Performance

GDOC stock traded down $0.03 during mid-day trading on Friday, reaching $36.32. 180 shares of the company’s stock were exchanged, compared to its average volume of 1,845. The company has a market cap of $18.16 million, a price-to-earnings ratio of 28.36 and a beta of 0.75. The stock’s 50 day moving average is $36.79 and its 200 day moving average is $34.45. Goldman Sachs Future Health Care Equity ETF has a 12-month low of $31.32 and a 12-month high of $38.66.

Institutional Trading of Goldman Sachs Future Health Care Equity ETF

Hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in Goldman Sachs Future Health Care Equity ETF by 6.5% during the first quarter. Goldman Sachs Group Inc. now owns 350,223 shares of the company’s stock worth $11,285,000 after purchasing an additional 21,319 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in Goldman Sachs Future Health Care Equity ETF during the third quarter worth approximately $348,000. Citadel Advisors LLC raised its holdings in Goldman Sachs Future Health Care Equity ETF by 42.2% during the second quarter. Citadel Advisors LLC now owns 29,421 shares of the company’s stock worth $1,061,000 after purchasing an additional 8,729 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of Goldman Sachs Future Health Care Equity ETF during the 2nd quarter worth approximately $303,000. Finally, J. Mark Nickell & Co. purchased a new stake in shares of Goldman Sachs Future Health Care Equity ETF during the 4th quarter worth approximately $254,000.

About Goldman Sachs Future Health Care Equity ETF

The Goldman Sachs Future Health Care Equity ETF (GDOC) is an exchange-traded fund that mostly invests in health care equity. The fund is actively managed to provide exposure to equities of companies that are driving innovation in healthcare globally. GDOC was launched on Nov 9, 2021 and is managed by Goldman Sachs.