Goldman Sachs Access Emerging Markets USD Bond ETF (BATS:GEMD) Sees Significant Drop in Short Interest

Goldman Sachs Access Emerging Markets USD Bond ETF (BATS:GEMD) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 1,454 shares, a decrease of 78.1% from the June 30th total of 6,642 shares. Based on an average daily trading volume, of 2,898 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Trading of Goldman Sachs Access Emerging Markets USD Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of GEMD. NewEdge Advisors LLC boosted its holdings in Goldman Sachs Access Emerging Markets USD Bond ETF by 13.3% in the 1st 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. Jane Street Group LLC raised its holdings in shares of Goldman Sachs Access Emerging Markets USD Bond ETF by 58.8% in the 4th quarter. Jane Street Group LLC now owns 41,677 shares of the company’s stock valued at $1,769,000 after acquiring an additional 15,436 shares in the last quarter. Finally, Betterment LLC boosted its position in shares of Goldman Sachs Access Emerging Markets USD Bond ETF by 2.8% during the 4th quarter. Betterment LLC now owns 601,446 shares of the company’s stock valued at $25,531,000 after acquiring an additional 16,597 shares during the last quarter.

Goldman Sachs Access Emerging Markets USD Bond ETF Stock Performance

GEMD stock opened at $41.56 on Friday. The firm has a 50 day moving average of $42.14 and a 200-day moving average of $42.23. Goldman Sachs Access Emerging Markets USD Bond ETF has a 12 month low of $40.88 and a 12 month high of $43.26.

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.