Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) Stock Short Interest Rises 255.2%

Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 20,717 shares, a growth of 255.2% from the September 30th total of 5,833 shares. Based on an average daily volume of 7,483 shares, the days-to-cover ratio is currently 2.8 days. Currently, 0.6% of the shares of the stock are sold short.

Gadsden Dynamic Multi-Asset ETF Trading Down 0.0%

GDMA stock opened at $40.42 on Wednesday. The company’s 50 day moving average is $41.44 and its 200 day moving average is $41.65. The stock has a market cap of $147.94 million, a price-to-earnings ratio of 18.40 and a beta of 0.10. Gadsden Dynamic Multi-Asset ETF has a 1-year low of $37.48 and a 1-year high of $44.04.

Hedge Funds Weigh In On Gadsden Dynamic Multi-Asset ETF

A hedge fund recently bought a new stake in Gadsden Dynamic Multi-Asset ETF stock. Redwood Wealth Management Group LLC purchased a new position in Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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.