Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) Short Interest Up 76.0% in August

Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 16,152 shares, an increase of 76.0% from the August 15th total of 9,178 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 8,576 shares, the days-to-cover ratio is presently 1.9 days.

Gadsden Dynamic Multi-Asset ETF Stock Performance

Gadsden Dynamic Multi-Asset ETF stock opened at $41.54 on Wednesday. Gadsden Dynamic Multi-Asset ETF has a fifty-two week low of $37.48 and a fifty-two week high of $44.04. The firm has a market capitalization of $152.04 million, a price-to-earnings ratio of 18.40 and a beta of 0.10. The stock’s fifty day moving average is $42.22 and its two-hundred day moving average is $41.84.

Institutional Investors Weigh In On Gadsden Dynamic Multi-Asset ETF

A hedge fund recently bought a new position in Gadsden Dynamic Multi-Asset ETF stock. Redwood Wealth Management Group LLC bought a new position in shares of Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,693 shares of the company’s stock, valued at approximately $313,000. Redwood Wealth Management Group LLC owned about 0.21% of Gadsden Dynamic Multi-Asset ETF at the end of the most recent quarter.

About Gadsden Dynamic Multi-Asset ETF

The Alpha Architect Gadsden Dynamic Multi-Asset ETF (GDMA) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed portfolio that may hold any asset class. The fund seeks total return. GDMA was launched on Nov 14, 2018 and is managed by Gadsden.