Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Sees Significant Increase in Short Interest

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 477,523 shares, a growth of 893.8% from the September 30th total of 48,052 shares. Based on an average trading volume of 545,394 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.4% of the company’s shares are short sold.

Goldman Sachs ActiveBeta International Equity ETF Stock Performance

Shares of NYSEARCA GSIE traded up $0.17 during trading on Monday, hitting $46.05. 302,193 shares of the company were exchanged, compared to its average volume of 480,935. Goldman Sachs ActiveBeta International Equity ETF has a 12-month low of $40.05 and a 12-month high of $48.49. The company has a fifty day moving average price of $46.89 and a 200-day moving average price of $45.71. The firm has a market capitalization of $5.93 billion, a PE ratio of 15.44 and a beta of 0.77.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta International Equity ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC boosted its stake in Goldman Sachs ActiveBeta International Equity ETF by 5.7% in the 1st quarter. Root Financial Partners LLC now owns 4,835 shares of the company’s stock worth $209,000 after buying an additional 259 shares during the last quarter. Marino Stram & Associates LLC increased its stake in shares of Goldman Sachs ActiveBeta International Equity ETF by 3.3% during the 1st quarter. Marino Stram & Associates LLC now owns 8,287 shares of the company’s stock valued at $357,000 after acquiring an additional 261 shares during the last quarter. Clearwater Capital Advisors LLC lifted its holdings in shares of Goldman Sachs ActiveBeta International Equity ETF by 0.4% during the 1st quarter. Clearwater Capital Advisors LLC now owns 65,014 shares of the company’s stock worth $2,804,000 after acquiring an additional 270 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Goldman Sachs ActiveBeta International Equity ETF by 2.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 13,911 shares of the company’s stock worth $638,000 after acquiring an additional 353 shares during the period. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of Goldman Sachs ActiveBeta International Equity ETF by 30.2% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,845 shares of the company’s stock worth $80,000 after acquiring an additional 428 shares during the period.

Goldman Sachs ActiveBeta International Equity ETF Company Profile

The Goldman Sachs ActiveBeta International Equity ETF (GSIE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of stocks in developed markets outside of the US comprising four sub-indices: value, momentum, quality and low volatility. The index uses multiple factors to pick stocks, and each sub-index receives equal weight. GSIE was launched on Nov 6, 2015 and is managed by Goldman Sachs.