Goldman Sachs MarketBeta U.S. Equity ETF (BATS:GSUS) Stock Short Interest Jumps 3,070.8%

Goldman Sachs MarketBeta U.S. Equity ETF (BATS:GSUS) was the target of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 707,595 shares, a growth of 3,070.8% from the October 15th total of 22,316 shares. Currently, 2.3% of the company’s stock are short sold. Based on an average daily trading volume, of 142,184 shares, the days-to-cover ratio is presently 5.0 days.

Goldman Sachs MarketBeta U.S. Equity ETF Price Performance

Shares of Goldman Sachs MarketBeta U.S. Equity ETF stock traded down $0.39 on Tuesday, reaching $103.55. 91,193 shares of the company were exchanged, compared to its average volume of 113,471. Goldman Sachs MarketBeta U.S. Equity ETF has a 1-year low of $86.68 and a 1-year high of $108.19. The company has a market cap of $3.16 billion, a P/E ratio of 26.28 and a beta of 1.02. The stock’s 50 day moving average price is $105.86 and its 200-day moving average price is $100.85.

Institutional Trading of Goldman Sachs MarketBeta U.S. Equity ETF

Several hedge funds have recently added to or reduced their stakes in GSUS. Moors & Cabot Inc. purchased a new position in shares of Goldman Sachs MarketBeta U.S. Equity ETF in the 3rd quarter valued at $407,000. Allworth Financial LP raised its stake in Goldman Sachs MarketBeta U.S. Equity ETF by 265.1% during the 3rd quarter. Allworth Financial LP now owns 7,170 shares of the company’s stock worth $739,000 after acquiring an additional 5,206 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its position in Goldman Sachs MarketBeta U.S. Equity ETF by 10.9% in the third quarter. Ashton Thomas Private Wealth LLC now owns 9,517 shares of the company’s stock valued at $1,005,000 after acquiring an additional 938 shares during the last quarter. Kestra Advisory Services LLC lifted its position in Goldman Sachs MarketBeta U.S. Equity ETF by 226.6% in the third quarter. Kestra Advisory Services LLC now owns 21,035 shares of the company’s stock valued at $2,221,000 after acquiring an additional 14,594 shares during the last quarter. Finally, Commonwealth Equity Services LLC purchased a new stake in Goldman Sachs MarketBeta U.S. Equity ETF in the third quarter valued at $8,201,000.

About Goldman Sachs MarketBeta U.S. Equity ETF

The Goldman Sachs MarketBeta US Equity ETF (GSUS) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of US equities, selected and weighted by market capitalization. GSUS was launched on May 12, 2020 and is managed by Goldman Sachs.