Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) Short Interest Update

Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 26,426 shares, a drop of 46.5% from the April 30th total of 49,371 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average trading volume of 20,897 shares, the short-interest ratio is presently 1.3 days.

Institutional Investors Weigh In On Goldman Sachs Future Tech Leaders Equity ETF

A number of large investors have recently modified their holdings of the company. Royal Bank of Canada raised its stake in Goldman Sachs Future Tech Leaders Equity ETF by 101.5% in the first quarter. Royal Bank of Canada now owns 2,015 shares of the company’s stock valued at $82,000 after buying an additional 1,015 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Goldman Sachs Future Tech Leaders Equity ETF during the 3rd quarter worth about $134,000. Fifth Third Bancorp acquired a new stake in shares of Goldman Sachs Future Tech Leaders Equity ETF during the 1st quarter worth about $170,000. Mercer Global Advisors Inc. ADV purchased a new position in Goldman Sachs Future Tech Leaders Equity ETF in the fourth quarter valued at approximately $280,000. Finally, CWM LLC lifted its position in Goldman Sachs Future Tech Leaders Equity ETF by 21.8% in the fourth quarter. CWM LLC now owns 12,331 shares of the company’s stock valued at $493,000 after acquiring an additional 2,208 shares during the last quarter.

Goldman Sachs Future Tech Leaders Equity ETF Stock Up 0.5%

NYSEARCA GTEK traded up $0.27 during trading hours on Monday, hitting $59.73. 4,490 shares of the company were exchanged, compared to its average volume of 20,078. The company has a 50 day moving average of $49.23 and a two-hundred day moving average of $43.85. Goldman Sachs Future Tech Leaders Equity ETF has a 52-week low of $32.75 and a 52-week high of $59.99. The firm has a market cap of $238.92 million, a price-to-earnings ratio of 31.43 and a beta of 1.38.

About Goldman Sachs Future Tech Leaders Equity ETF

The Goldman Sachs Future Tech Leaders Equity ETF (GTEK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively invests in potentially growing technology companies that are believed to drive tech innovation around the world. GTEK was launched on Sep 14, 2021 and is managed by Goldman Sachs.