Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Short Interest Update

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 62,765 shares, a decrease of 37.5% from the July 15th total of 100,489 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 143,573 shares, the days-to-cover ratio is currently 0.4 days.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Down 2.9%

Shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF stock traded down $1.47 during trading on Tuesday, hitting $49.99. 211,069 shares of the stock traded hands, compared to its average volume of 139,732. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 13.33 and a beta of 0.71. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a 52 week low of $38.10 and a 52 week high of $54.29. The firm’s fifty day moving average is $50.46 and its 200-day moving average is $48.21.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta Emerging Markets Equity ETF

Institutional investors have recently bought and sold shares of the stock. Advisortrust Partners LLC purchased a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the first quarter valued at $42,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 4th quarter valued at about $42,000. Harbor Asset Planning Inc. raised its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 196.4% in the 1st quarter. Harbor Asset Planning Inc. now owns 993 shares of the company’s stock worth $43,000 after purchasing an additional 658 shares during the period. Global Assets Advisory LLC purchased a new position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 1st quarter valued at about $47,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 261.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,051 shares of the company’s stock worth $85,000 after purchasing an additional 1,484 shares during the period.

About Goldman Sachs ActiveBeta Emerging Markets Equity ETF

The Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of emerging market 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. GEM was launched on Sep 29, 2015 and is managed by Goldman Sachs.