Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) Sees Large Decline in Short Interest

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF (NYSEARCA:GSLC) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 111,703 shares, a drop of 29.9% from the February 12th total of 159,258 shares. Based on an average daily volume of 298,476 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 298,476 shares, the days-to-cover ratio is presently 0.4 days.

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF Stock Down 0.7%

NYSEARCA:GSLC traded down $0.86 during mid-day trading on Friday, hitting $127.08. 325,990 shares of the company traded hands, compared to its average volume of 348,002. The stock’s fifty day moving average price is $132.48 and its 200-day moving average price is $131.21. Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF has a one year low of $94.88 and a one year high of $134.87. The firm has a market cap of $14.11 billion, a price-to-earnings ratio of 24.08 and a beta of 0.99.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Quest 10 Wealth Builders Inc. purchased a new stake in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF in the 4th quarter worth approximately $26,000. EPG Wealth Management LLC purchased a new position in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF during the fourth quarter valued at approximately $27,000. Tsfg LLC lifted its holdings in Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 112.5% during the fourth quarter. Tsfg LLC now owns 204 shares of the company’s stock valued at $27,000 after purchasing an additional 108 shares in the last quarter. Transce3nd LLC bought a new position in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF in the second quarter worth approximately $26,000. Finally, Sunbelt Securities Inc. boosted its position in shares of Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF by 163.0% in the third quarter. Sunbelt Securities Inc. now owns 263 shares of the company’s stock worth $34,000 after purchasing an additional 163 shares during the period.

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

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.