Short Interest in Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) Increases By 39.3%

Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 11,700 shares, a growth of 39.3% from the September 30th total of 8,400 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 7,900 shares, the short-interest ratio is presently 1.5 days. Based on an average daily trading volume, of 7,900 shares, the short-interest ratio is presently 1.5 days. Approximately 0.2% of the company’s shares are sold short.

Goldman Sachs Future Tech Leaders Equity ETF Stock Performance

NYSEARCA GTEK traded up $0.16 during trading hours on Monday, hitting $41.39. 4,959 shares of the company’s stock were exchanged, compared to its average volume of 12,668. The firm has a market capitalization of $194.53 million, a P/E ratio of 31.43 and a beta of 1.27. Goldman Sachs Future Tech Leaders Equity ETF has a 12-month low of $25.18 and a 12-month high of $41.79. The business’s 50 day moving average is $38.91 and its 200-day moving average is $35.82.

Hedge Funds Weigh In On Goldman Sachs Future Tech Leaders Equity ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Private Wealth Partners LLC acquired a new position in Goldman Sachs Future Tech Leaders Equity ETF during the second quarter worth approximately $216,000. Raymond James Financial Inc. increased its position in shares of Goldman Sachs Future Tech Leaders Equity ETF by 70.0% during the first quarter. Raymond James Financial Inc. now owns 237,228 shares of the company’s stock worth $7,041,000 after acquiring an additional 97,666 shares during the last quarter. Heartwood Wealth Advisors LLC increased its holdings in Goldman Sachs Future Tech Leaders Equity ETF by 1.3% during the 2nd quarter. Heartwood Wealth Advisors LLC now owns 551,464 shares of the company’s stock worth $19,897,000 after purchasing an additional 6,896 shares during the last quarter. CWM LLC increased its holdings in Goldman Sachs Future Tech Leaders Equity ETF by 14.1% during the 1st quarter. CWM LLC now owns 10,132 shares of the company’s stock worth $301,000 after purchasing an additional 1,250 shares during the last quarter. Finally, Harbour Investments Inc. raised its position in shares of Goldman Sachs Future Tech Leaders Equity ETF by 80.7% during the 1st quarter. Harbour Investments Inc. now owns 2,528 shares of the company’s stock valued at $75,000 after acquiring an additional 1,129 shares in the last quarter.

Goldman Sachs Future Tech Leaders Equity ETF Company Profile

The Goldman Sachs Future Tech Leaders Equity ETF (GTEK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively invests in potentially growing technology companies that are believed to drive tech innovation around the world. GTEK was launched on Sep 14, 2021 and is managed by Goldman Sachs.