Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) Short Interest Up 76.0% in August

Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 16,152 shares, a growth of 76.0% from the August 15th total of 9,178 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 8,576 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Gadsden Dynamic Multi-Asset ETF stock. Redwood Wealth Management Group LLC purchased a new position in shares of Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,693 shares of the company’s stock, valued at approximately $313,000. Redwood Wealth Management Group LLC owned approximately 0.21% of Gadsden Dynamic Multi-Asset ETF at the end of the most recent reporting period.

Gadsden Dynamic Multi-Asset ETF Stock Up 0.2%

Shares of BATS GDMA opened at $41.54 on Wednesday. Gadsden Dynamic Multi-Asset ETF has a 52 week low of $37.48 and a 52 week high of $44.04. The firm has a 50-day moving average price of $42.22 and a 200 day moving average price of $41.84. The stock has a market capitalization of $152.04 million, a price-to-earnings ratio of 18.40 and a beta of 0.10.

About Gadsden Dynamic Multi-Asset ETF

The Alpha Architect Gadsden Dynamic Multi-Asset ETF (GDMA) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed portfolio that may hold any asset class. The fund seeks total return. GDMA was launched on Nov 14, 2018 and is managed by Gadsden.