Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) Sees Large Drop in Short Interest

Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 3,057 shares, a decline of 86.2% from the July 15th total of 22,226 shares. Based on an average trading volume of 34,578 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Gadsden Dynamic Multi-Asset ETF Price Performance

Shares of GDMA stock opened at $42.73 on Wednesday. The company has a market cap of $156.39 million, a PE ratio of 18.40 and a beta of 0.10. Gadsden Dynamic Multi-Asset ETF has a 1 year low of $35.50 and a 1 year high of $44.04. The stock’s 50 day simple moving average is $42.15 and its two-hundred day simple moving average is $41.76.

Institutional Trading of Gadsden Dynamic Multi-Asset ETF

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

Gadsden Dynamic Multi-Asset ETF Company Profile

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.