Short Interest in Goldman Sachs ActiveBeta Japan Equity ETF (NYSEARCA:GSJY) Grows By 404.6%

Goldman Sachs ActiveBeta Japan Equity ETF (NYSEARCA:GSJY) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 8,311 shares, a growth of 404.6% from the May 31st total of 1,647 shares. Based on an average daily volume of 5,833 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.5% of the company’s shares are short sold.

Goldman Sachs ActiveBeta Japan Equity ETF Trading Down 0.3%

GSJY stock traded down $0.16 during trading on Friday, reaching $51.98. The stock had a trading volume of 7,195 shares, compared to its average volume of 8,047. Goldman Sachs ActiveBeta Japan Equity ETF has a 1-year low of $40.12 and a 1-year high of $54.86. The firm has a fifty day moving average price of $51.87 and a 200 day moving average price of $50.26. The company has a market capitalization of $83.17 million, a P/E ratio of 14.30 and a beta of 0.64.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta Japan Equity ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wealthfront Advisers LLC grew its position in Goldman Sachs ActiveBeta Japan Equity ETF by 5.0% in the first quarter. Wealthfront Advisers LLC now owns 5,397 shares of the company’s stock worth $263,000 after acquiring an additional 258 shares in the last quarter. Betterment LLC increased its position in shares of Goldman Sachs ActiveBeta Japan Equity ETF by 0.8% during the fourth quarter. Betterment LLC now owns 1,069,668 shares of the company’s stock valued at $49,836,000 after purchasing an additional 8,226 shares during the period. Finally, Jane Street Group LLC boosted its holdings in Goldman Sachs ActiveBeta Japan Equity ETF by 56.1% during the first quarter. Jane Street Group LLC now owns 95,107 shares of the company’s stock valued at $3,661,000 after purchasing an additional 34,188 shares in the last quarter.

Goldman Sachs ActiveBeta Japan Equity ETF Company Profile

The Goldman Sachs ActiveBeta Japan Equity ETF (GSJY) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of Japanese large- and mid-cap equities, with equal weights to each of 4 factor buckets and stocks within each bucket weighted by a factor score. GSJY was launched on Mar 2, 2016 and is managed by Goldman Sachs.