Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) Stock Short Interest Climbs 893.8%

Goldman Sachs ActiveBeta International Equity ETF (NYSEARCA:GSIE) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 477,523 shares, a growth of 893.8% from the September 30th total of 48,052 shares. Based on an average daily volume of 545,394 shares, the short-interest ratio is presently 0.9 days. Currently, 0.4% of the company’s stock are sold short.

Goldman Sachs ActiveBeta International Equity ETF Stock Up 0.5%

Shares of NYSEARCA GSIE traded up $0.21 during midday trading on Tuesday, reaching $46.27. 82,715 shares of the company’s stock traded hands, compared to its average volume of 479,135. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 15.44 and a beta of 0.77. The stock’s 50 day simple moving average is $46.89 and its 200-day simple moving average is $45.71. Goldman Sachs ActiveBeta International Equity ETF has a one year low of $40.05 and a one year high of $48.49.

Institutional Trading of Goldman Sachs ActiveBeta International Equity ETF

Hedge funds have recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. raised its position in shares of Goldman Sachs ActiveBeta International Equity ETF by 28.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 800,098 shares of the company’s stock worth $36,564,000 after acquiring an additional 178,635 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Goldman Sachs ActiveBeta International Equity ETF by 23.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 330,044 shares of the company’s stock worth $14,235,000 after purchasing an additional 63,469 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Goldman Sachs ActiveBeta International Equity ETF by 41.3% during the second quarter. Envestnet Asset Management Inc. now owns 5,892,976 shares of the company’s stock valued at $269,309,000 after purchasing an additional 1,722,307 shares in the last quarter. HB Wealth Management LLC boosted its position in Goldman Sachs ActiveBeta International Equity ETF by 1.6% during the second quarter. HB Wealth Management LLC now owns 2,594,781 shares of the company’s stock valued at $118,581,000 after purchasing an additional 40,245 shares in the last quarter. Finally, Wealthfront Advisers LLC boosted its position in Goldman Sachs ActiveBeta International Equity ETF by 85.5% during the first quarter. Wealthfront Advisers LLC now owns 27,476 shares of the company’s stock valued at $1,185,000 after purchasing an additional 12,661 shares in the last quarter.

Goldman Sachs ActiveBeta International Equity ETF Company Profile

The Goldman Sachs ActiveBeta International Equity ETF (GSIE) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of stocks in developed markets outside of the US comprising four sub-indices: value, momentum, quality and low volatility. The index uses multiple factors to pick stocks, and each sub-index receives equal weight. GSIE was launched on Nov 6, 2015 and is managed by Goldman Sachs.