Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) Sees Significant Decrease in Short Interest

Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 3,057 shares, a decline of 86.2% from the July 15th total of 22,226 shares. Based on an average daily trading volume, of 34,578 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

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

Gadsden Dynamic Multi-Asset ETF Stock Up 0.7%

Shares of GDMA traded up $0.30 during trading hours on Friday, reaching $43.11. The stock had a trading volume of 2,147 shares, compared to its average volume of 16,585. Gadsden Dynamic Multi-Asset ETF has a 52 week low of $35.50 and a 52 week high of $44.04. The firm has a 50-day moving average of $42.15 and a 200 day moving average of $41.77. The company has a market cap of $157.78 million, a P/E ratio of 18.40 and a beta of 0.10.

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.