Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) Short Interest Up 76.8% in August

Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 81,174 shares, a growth of 76.8% from the July 30th total of 45,911 shares. Based on an average daily trading volume, of 14,319 shares, the short-interest ratio is currently 5.7 days. Approximately 1.9% of the company’s stock are short sold.

Goldman Sachs Future Tech Leaders Equity ETF Price Performance

NYSEARCA:GTEK opened at $57.14 on Monday. The firm has a 50-day moving average of $57.58 and a two-hundred day moving average of $51.97. The stock has a market cap of $239.99 million, a P/E ratio of 31.43 and a beta of 1.41. Goldman Sachs Future Tech Leaders Equity ETF has a 1-year low of $35.80 and a 1-year high of $63.22.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC grew its position in shares of Goldman Sachs Future Tech Leaders Equity ETF by 19.8% during the fourth quarter. NewEdge Advisors LLC now owns 4,104 shares of the company’s stock worth $164,000 after buying an additional 678 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Goldman Sachs Future Tech Leaders Equity ETF by 101.5% in the first quarter. Royal Bank of Canada now owns 2,015 shares of the company’s stock worth $82,000 after buying an additional 1,015 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in Goldman Sachs Future Tech Leaders Equity ETF by 16.2% in the fourth quarter. Kestra Advisory Services LLC now owns 12,326 shares of the company’s stock valued at $493,000 after acquiring an additional 1,715 shares in the last quarter. Cassia Capital Partners LLC raised its holdings in Goldman Sachs Future Tech Leaders Equity ETF by 2.9% in the first quarter. Cassia Capital Partners LLC now owns 83,404 shares of the company’s stock valued at $3,411,000 after acquiring an additional 2,373 shares in the last quarter. Finally, Fifth Third Bancorp bought a new position in Goldman Sachs Future Tech Leaders Equity ETF during the 1st quarter valued at $170,000.

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.