Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) Short Interest Update

Goldman Sachs ActiveBeta Emerging Markets Equity ETF (NYSEARCA:GEM) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 62,765 shares, a decline of 37.5% from the July 15th total of 100,489 shares. Based on an average daily volume of 143,573 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are short sold.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta Emerging Markets Equity ETF

A number of hedge funds have recently modified their holdings of the stock. Advisortrust Partners LLC acquired a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the 1st quarter worth about $42,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF during the 4th quarter valued at about $42,000. Harbor Asset Planning Inc. grew its stake in shares of Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 196.4% in the 1st quarter. Harbor Asset Planning Inc. now owns 993 shares of the company’s stock valued at $43,000 after buying an additional 658 shares in the last quarter. Global Assets Advisory LLC acquired a new position in Goldman Sachs ActiveBeta Emerging Markets Equity ETF in the first quarter worth approximately $47,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Goldman Sachs ActiveBeta Emerging Markets Equity ETF by 261.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,051 shares of the company’s stock worth $85,000 after buying an additional 1,484 shares during the last quarter.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Stock Performance

Goldman Sachs ActiveBeta Emerging Markets Equity ETF stock opened at $50.51 on Thursday. Goldman Sachs ActiveBeta Emerging Markets Equity ETF has a twelve month low of $38.10 and a twelve month high of $54.29. The firm has a market cap of $1.72 billion, a PE ratio of 13.33 and a beta of 0.71. The firm’s 50 day moving average price is $50.49 and its two-hundred day moving average price is $48.26.

Goldman Sachs ActiveBeta Emerging Markets Equity ETF Company Profile

The Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of emerging market 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. GEM was launched on Sep 29, 2015 and is managed by Goldman Sachs.