Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) Sees Large Increase in Short Interest

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 159,492 shares, a growth of 183.5% from the May 31st total of 56,258 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 247,291 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

Several institutional investors have recently added to or reduced their stakes in the business. Hamilton Wealth LLC boosted its position in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 2.4% in the first quarter. Hamilton Wealth LLC now owns 13,147 shares of the company’s stock valued at $1,645,000 after acquiring an additional 310 shares during the period. Western Wealth Management LLC lifted its stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 9.2% in the 1st quarter. Western Wealth Management LLC now owns 4,438 shares of the company’s stock worth $555,000 after purchasing an additional 375 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 19.9% in the 1st quarter. NewEdge Advisors LLC now owns 83,500 shares of the company’s stock valued at $10,448,000 after purchasing an additional 13,836 shares during the period. Asset Dedication LLC boosted its holdings in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 236.4% in the 1st quarter. Asset Dedication LLC now owns 740 shares of the company’s stock valued at $93,000 after purchasing an additional 520 shares during the period. Finally, January Capital Advisors LLC purchased a new position in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF during the 1st quarter valued at $387,000.

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF Trading Down 0.0%

Shares of GSLC traded down $0.01 on Friday, reaching $139.31. 160,039 shares of the company’s stock traded hands, compared to its average volume of 314,471. The stock’s 50 day simple moving average is $139.95 and its two-hundred day simple moving average is $134.32. The stock has a market cap of $15.27 billion, a PE ratio of 24.08 and a beta of 0.99. Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF has a 52-week low of $120.02 and a 52-week high of $144.46.

About Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

The Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large-cap 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. GSLC was launched on Sep 21, 2015 and is managed by Goldman Sachs.