Goldman Sachs ActiveBeta Europe Equity ETF (NYSEARCA:GSEU) Short Interest Down 66.7% in June

Goldman Sachs ActiveBeta Europe Equity ETF (NYSEARCA:GSEU) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totaling 4,887 shares, a decline of 66.7% from the June 15th total of 14,656 shares. Based on an average daily volume of 5,537 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.2% of the company’s stock are short sold.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta Europe Equity ETF

Several institutional investors and hedge funds have recently modified their holdings of GSEU. Wealthfront Advisers LLC raised its position in shares of Goldman Sachs ActiveBeta Europe Equity ETF by 26.3% in the 1st 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. SHP Wealth Management bought a new stake in Goldman Sachs ActiveBeta Europe Equity ETF during the 4th quarter valued at about $74,000. LPL Financial LLC increased its stake in Goldman Sachs ActiveBeta Europe Equity ETF by 5.9% during the 4th 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. Founders Financial Securities LLC purchased a new position in Goldman Sachs ActiveBeta Europe Equity ETF in the fourth quarter worth about $209,000. Finally, Citadel Advisors LLC purchased a new position in Goldman Sachs ActiveBeta Europe Equity ETF in the third quarter worth about $313,000.

Goldman Sachs ActiveBeta Europe Equity ETF Price Performance

GSEU stock opened at $48.57 on Monday. Goldman Sachs ActiveBeta Europe Equity ETF has a twelve month low of $40.90 and a twelve month high of $50.08. The firm has a market cap of $121.42 million, a PE ratio of 15.76 and a beta of 0.83. The business has a 50 day moving average of $48.47 and a 200 day moving average of $47.44.

About Goldman Sachs ActiveBeta Europe Equity ETF

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.