Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Short Interest Down 44.9% in June

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 239,197 shares, a decline of 44.9% from the June 15th total of 433,870 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 79,879 shares, the days-to-cover ratio is presently 3.0 days.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Trading Down 1.4%

Shares of NYSEARCA:GEM traded down $0.71 during mid-day trading on Friday, reaching $48.32. The stock had a trading volume of 326,777 shares, compared to its average volume of 142,501. The firm has a market cap of $1.63 billion, a PE ratio of 13.33 and a beta of 0.70. The firm has a 50 day simple moving average of $51.02 and a two-hundred day simple moving average of $47.28. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a twelve month low of $36.97 and a twelve month high of $54.29.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta Emerging Markets Equity ETF

Several hedge funds have recently bought and sold shares of GEM. Wells Fargo & Company MN grew its holdings in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 7.2% in the 4th quarter. Wells Fargo & Company MN now owns 4,127,553 shares of the company’s stock valued at $171,789,000 after buying an additional 276,247 shares during the period. SigFig Wealth Management LLC raised its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 0.7% during the 4th quarter. SigFig Wealth Management LLC now owns 3,242,190 shares of the company’s stock worth $134,940,000 after buying an additional 22,157 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 0.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,839,340 shares of the company’s stock worth $118,173,000 after acquiring an additional 9,926 shares in the last quarter. LPL Financial LLC lifted its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 2.2% during the fourth quarter. LPL Financial LLC now owns 2,012,341 shares of the company’s stock worth $83,754,000 after acquiring an additional 42,384 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 14.3% in the first quarter. Bank of America Corp DE now owns 673,297 shares of the company’s stock valued at $29,086,000 after acquiring an additional 84,456 shares during the period.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Company Profile

The Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of emerging market 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. GEM was launched on Sep 29, 2015 and is managed by Goldman Sachs.