Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) Sees Significant Increase in Short Interest

Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 9,178 shares, an increase of 200.2% from the July 30th total of 3,057 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 16,380 shares, the days-to-cover ratio is presently 0.6 days.

Gadsden Dynamic Multi-Asset ETF Trading Up 0.7%

Gadsden Dynamic Multi-Asset ETF stock opened at $42.82 on Friday. Gadsden Dynamic Multi-Asset ETF has a twelve month low of $35.50 and a twelve month high of $44.04. The stock’s fifty day simple moving average is $42.33 and its 200-day simple moving average is $41.84. The firm has a market capitalization of $156.72 million, a P/E ratio of 18.40 and a beta of 0.10.

Institutional Trading of Gadsden Dynamic Multi-Asset ETF

An institutional investor recently bought a new position in Gadsden Dynamic Multi-Asset ETF stock. Redwood Wealth Management Group LLC purchased a new stake in Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,693 shares of the company’s stock, valued at approximately $313,000. Redwood Wealth Management Group LLC owned about 0.21% of Gadsden Dynamic Multi-Asset ETF at the end of the most recent reporting period.

About Gadsden Dynamic Multi-Asset ETF

The Alpha Architect Gadsden Dynamic Multi-Asset ETF (GDMA) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed portfolio that may hold any asset class. The fund seeks total return. GDMA was launched on Nov 14, 2018 and is managed by Gadsden.