Goldman Sachs ActiveBeta Europe Equity ETF (NYSEARCA:GSEU) Shares Shorted: Short Interest Up 121.6% in October

by · The Cerbat Gem

Goldman Sachs ActiveBeta Europe Equity ETF (NYSEARCA:GSEU – Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 8,266 shares, a growth of 121.6% from the September 30th total of 3,730 shares. Based on an average daily volume of 11,321 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the company’s stock are short sold.

Goldman Sachs ActiveBeta Europe Equity ETF Price Performance

Shares of NYSEARCA GSEU traded down $0.34 during midday trading on Friday, hitting $48.09. 3,848 shares of the company’s stock were exchanged, compared to its average volume of 15,350. The firm’s fifty day simple moving average is $48.63 and its 200-day simple moving average is $48.10. The company has a market cap of $173.12 million, a PE ratio of 15.76 and a beta of 0.82. Goldman Sachs ActiveBeta Europe Equity ETF has a twelve month low of $42.38 and a twelve month high of $50.82.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta Europe Equity ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in GSEU. Founders Financial Securities LLC bought a new stake in Goldman Sachs ActiveBeta Europe Equity ETF in the 3rd quarter worth approximately $271,000. Integrated Wealth Concepts LLC purchased a new position in Goldman Sachs ActiveBeta Europe Equity ETF in the second quarter worth approximately $152,000. Finally, Wealthfront Advisers LLC boosted its stake in Goldman Sachs ActiveBeta Europe Equity ETF by 26.3% in the first quarter. Wealthfront Advisers LLC now owns 16,406 shares of the company’s stock valued at $742,000 after acquiring an additional 3,417 shares in the last quarter.

Goldman Sachs ActiveBeta Europe Equity ETF Company Profile

(Get Free Report)

The Goldman Sachs ActiveBeta Europe Equity ETF (GSEU) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of developed Europe large- and mid-cap equities, with equal weights to each of four factor buckets and stocks within each bucket weighted by a factor score. GSEU was launched on Mar 2, 2016 and is managed by Goldman Sachs.

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