Short Interest in Goldman Sachs Access Emerging Markets USD Bond ETF (BATS:GEMD) Drops By 39.4%

Goldman Sachs Access Emerging Markets USD Bond ETF (BATS:GEMD) saw a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 881 shares, a decrease of 39.4% from the July 15th total of 1,454 shares. Based on an average daily trading volume, of 2,226 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are sold short.

Goldman Sachs Access Emerging Markets USD Bond ETF Stock Down 0.2%

Shares of GEMD stock opened at $41.49 on Wednesday. Goldman Sachs Access Emerging Markets USD Bond ETF has a 1-year low of $40.88 and a 1-year high of $43.26. The company has a 50-day moving average of $42.01 and a two-hundred day moving average of $42.12.

Hedge Funds Weigh In On Goldman Sachs Access Emerging Markets USD Bond ETF

A number of hedge funds have recently made changes to their positions in GEMD. Betterment LLC increased its holdings in Goldman Sachs Access Emerging Markets USD Bond ETF by 2.8% in the 4th quarter. Betterment LLC now owns 601,446 shares of the company’s stock valued at $25,531,000 after purchasing an additional 16,597 shares during the last quarter. Jane Street Group LLC raised its position in Goldman Sachs Access Emerging Markets USD Bond ETF by 58.8% in the fourth quarter. Jane Street Group LLC now owns 41,677 shares of the company’s stock valued at $1,769,000 after purchasing an additional 15,436 shares during the period. Finally, NewEdge Advisors LLC raised its position in Goldman Sachs Access Emerging Markets USD Bond ETF by 13.3% in the first quarter. NewEdge Advisors LLC now owns 8,448 shares of the company’s stock valued at $342,000 after purchasing an additional 990 shares during the period.

Goldman Sachs Access Emerging Markets USD Bond ETF Company Profile

The Goldman Sachs Access Emerging Markets USD Bond ETF (GEMD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market value-weighted index of USD-denominated emerging markets government bonds of various credit quality and maturity. Bonds are selected by multiple economic factors such as governance indicators, import coverage, and inflation. GEMD was launched on Feb 15, 2022 and is managed by Goldman Sachs.