Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) Sees Large Increase in Short Interest

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (BATS:GSEW) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 24,820 shares, a growth of 83.5% from the May 14th total of 13,525 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 54,251 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of GSEW. Western Wealth Management LLC increased its stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 51.9% in the first quarter. Western Wealth Management LLC now owns 11,929 shares of the company’s stock worth $1,010,000 after acquiring an additional 4,075 shares during the period. Orographic Financial Advisors LLC purchased a new stake in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF in the first quarter valued at $376,000. Quantinno Capital Management LP grew its position in Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 107.5% during the 1st quarter. Quantinno Capital Management LP now owns 6,776 shares of the company’s stock worth $574,000 after purchasing an additional 3,510 shares during the period. Cetera Investment Advisers raised its stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 29.7% during the 1st quarter. Cetera Investment Advisers now owns 16,758 shares of the company’s stock valued at $1,419,000 after buying an additional 3,835 shares during the last quarter. Finally, Earned Wealth Advisors LLC raised its stake in shares of Goldman Sachs Equal Weight U.S. Large Cap Equity ETF by 12.1% during the 1st quarter. Earned Wealth Advisors LLC now owns 10,379 shares of the company’s stock valued at $879,000 after buying an additional 1,119 shares during the last quarter.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Trading Up 1.0%

Shares of GSEW stock traded up $0.96 during mid-day trading on Monday, reaching $95.00. The stock had a trading volume of 2,216 shares, compared to its average volume of 87,039. Goldman Sachs Equal Weight U.S. Large Cap Equity ETF has a 1-year low of $79.24 and a 1-year high of $95.06. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 21.82 and a beta of 1.01. The business’s fifty day moving average is $90.42 and its 200-day moving average is $88.08.

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF Company Profile

The Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an equal-weighted index of US large-cap stocks. GSEW was launched on Sep 12, 2017 and is managed by Goldman Sachs.