Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) Sees Significant Growth in Short Interest

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 50,147 shares, a growth of 68.4% from the September 30th total of 29,786 shares. Based on an average daily trading volume, of 206,789 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF Stock Performance

GSLC opened at $143.68 on Tuesday. The company has a market cap of $14.89 billion, a PE ratio of 24.08 and a beta of 0.99. The stock has a 50-day moving average of $146.35 and a 200-day moving average of $139.37. Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF has a 52-week low of $121.12 and a 52-week high of $148.93.

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

Institutional investors have recently modified their holdings of the company. Financial Management Professionals Inc. acquired a new position in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF during the third quarter valued at approximately $115,495,000. Envestnet Asset Management Inc. increased its stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 18.8% in the second quarter. Envestnet Asset Management Inc. now owns 3,182,271 shares of the company’s stock valued at $451,532,000 after purchasing an additional 503,551 shares in the last quarter. Droms Strauss Advisors Inc. MO ADV bought a new stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF in the third quarter valued at approximately $52,869,000. Commonwealth Equity Services LLC acquired a new stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF in the third quarter worth $46,382,000. Finally, Kings Path Partners LLC acquired a new stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF in the third quarter worth $27,395,000.

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF Company Profile

The Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large-cap 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. GSLC was launched on Sep 21, 2015 and is managed by Goldman Sachs.