Short Interest in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) Declines By 37.7%

by · The Cerbat Gem

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC – Get Free Report) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 64,390 shares, a decrease of 37.7% from the June 30th total of 103,383 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 355,654 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quest 10 Wealth Builders Inc. purchased a new stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF during the fourth quarter valued at approximately $26,000. EPG Wealth Management LLC bought a new position in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF during the 4th quarter valued at approximately $27,000. Tsfg LLC increased its position in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 112.5% during the 4th quarter. Tsfg LLC now owns 204 shares of the company’s stock valued at $27,000 after purchasing an additional 108 shares during the last quarter. Arlington Trust Co LLC purchased a new stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF during the 2nd quarter valued at $28,000. Finally, Longview Financial Advisors Inc. purchased a new stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF during the 1st quarter valued at $29,000.

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF Stock Performance

GSLC stock traded up $0.82 during trading on Friday, hitting $142.80. 150,462 shares of the company’s stock traded hands, compared to its average volume of 329,765. Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF has a 52 week low of $121.12 and a 52 week high of $144.46. The stock has a market capitalization of $15.01 billion, a price-to-earnings ratio of 24.08 and a beta of 0.99. The business has a fifty day simple moving average of $141.82 and a 200 day simple moving average of $135.86.

About Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

(Get Free Report)

The Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (GSLC) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large-cap stocks comprising 4 sub-indexes: value, momentum, quality, and low volatility. The index uses multiple factors to pick stocks, and each sub-index receives equal weight. GSLC was launched on Sep 21, 2015 and is managed by Goldman Sachs.

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