Goldman Sachs Future Health Care Equity ETF (NYSEARCA:GDOC) Sees Significant Decline in Short Interest

Goldman Sachs Future Health Care Equity ETF (NYSEARCA:GDOC) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 38 shares, a drop of 45.7% from the April 30th total of 70 shares. Based on an average daily trading volume, of 2,154 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Goldman Sachs Future Health Care Equity ETF Stock Performance

NYSEARCA GDOC opened at $33.47 on Monday. Goldman Sachs Future Health Care Equity ETF has a one year low of $30.56 and a one year high of $37.33. The company’s 50 day moving average price is $32.52 and its 200 day moving average price is $34.31. The firm has a market capitalization of $23.43 million, a price-to-earnings ratio of 28.36 and a beta of 0.76.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GDOC. J. Mark Nickell & Co. purchased a new position in Goldman Sachs Future Health Care Equity ETF in the fourth quarter valued at approximately $254,000. Susquehanna International Group LLP purchased a new position in Goldman Sachs Future Health Care Equity ETF in the 3rd quarter worth approximately $348,000. Finally, Goldman Sachs Group Inc. grew its position in Goldman Sachs Future Health Care Equity ETF by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 350,223 shares of the company’s stock valued at $11,285,000 after acquiring an additional 21,319 shares in the last quarter.

About Goldman Sachs Future Health Care Equity ETF

The Goldman Sachs Future Health Care Equity ETF (GDOC) is an exchange-traded fund that mostly invests in health care equity. The fund is actively managed to provide exposure to equities of companies that are driving innovation in healthcare globally. GDOC was launched on Nov 9, 2021 and is managed by Goldman Sachs.