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

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 46,362 shares, a decline of 40.8% from the July 15th total of 78,284 shares. Based on an average daily trading volume, of 86,051 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the shares of the stock are sold short.

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

Shares of BATS GSEW opened at $99.30 on Monday. The stock’s 50-day simple moving average is $94.92 and its two-hundred day simple moving average is $90.87. Goldman Sachs Equal Weight U.S. Large Cap Equity ETF has a twelve month low of $80.92 and a twelve month high of $99.42. The firm has a market capitalization of $1.55 billion, a P/E ratio of 21.82 and a beta of 1.01.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GSEW. Morgan Stanley lifted its position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 28.1% during the fourth quarter. Morgan Stanley now owns 927,246 shares of the company’s stock valued at $78,927,000 after purchasing an additional 203,219 shares during the last quarter. Bank of America Corp DE grew its stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 11.2% in the 3rd quarter. Bank of America Corp DE now owns 659,405 shares of the company’s stock worth $56,076,000 after buying an additional 66,674 shares in the last quarter. Aptus Capital Advisors LLC increased its holdings in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 4.5% in the 4th quarter. Aptus Capital Advisors LLC now owns 588,483 shares of the company’s stock worth $50,092,000 after buying an additional 25,200 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 48.0% in the 4th quarter. LPL Financial LLC now owns 444,845 shares of the company’s stock worth $37,865,000 after buying an additional 144,265 shares during the last quarter. Finally, Great Lakes Retirement Inc. increased its holdings in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 3.6% in the 4th quarter. Great Lakes Retirement Inc. now owns 425,038 shares of the company’s stock worth $36,179,000 after buying an additional 14,640 shares during the last quarter.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Company Profile

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.