Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) Sees Large Increase in Short Interest

Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 20,717 shares, a growth of 255.2% from the September 30th total of 5,833 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 7,483 shares, the short-interest ratio is currently 2.8 days.

Institutional Trading of 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 stake in Gadsden Dynamic Multi-Asset ETF (BATS:GDMA) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

Gadsden Dynamic Multi-Asset ETF Stock Performance

Shares of BATS GDMA opened at $40.46 on Friday. The stock has a market cap of $148.08 million, a P/E ratio of 18.40 and a beta of 0.10. The firm has a 50 day moving average price of $41.36 and a 200 day moving average price of $41.66. Gadsden Dynamic Multi-Asset ETF has a 52-week low of $37.48 and a 52-week high of $44.04.

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.