Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) Sees Large Growth in Short Interest

Goldman Sachs Future Tech Leaders Equity ETF (NYSEARCA:GTEK) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 21,489 shares, an increase of 81.1% from the January 29th total of 11,865 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 39,180 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 39,180 shares, the short-interest ratio is presently 0.5 days. Approximately 0.5% of the shares of the company are short sold.

Goldman Sachs Future Tech Leaders Equity ETF Trading Down 1.3%

NYSEARCA GTEK opened at $43.58 on Monday. The company has a fifty day simple moving average of $41.74 and a two-hundred day simple moving average of $39.82. The stock has a market cap of $191.75 million, a P/E ratio of 31.43 and a beta of 1.27. Goldman Sachs Future Tech Leaders Equity ETF has a 12-month low of $25.18 and a 12-month high of $44.36.

Hedge Funds Weigh In On Goldman Sachs Future Tech Leaders Equity ETF

Several hedge funds have recently made changes to their positions in GTEK. Glassman Wealth Services lifted its position in Goldman Sachs Future Tech Leaders Equity ETF by 128.3% during the 2nd quarter. Glassman Wealth Services now owns 1,354 shares of the company’s stock worth $49,000 after acquiring an additional 761 shares during the period. NewEdge Advisors LLC purchased a new position in shares of Goldman Sachs Future Tech Leaders Equity ETF in the third quarter worth about $134,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Goldman Sachs Future Tech Leaders Equity ETF during the fourth quarter worth about $280,000. Kestra Advisory Services LLC boosted its position in Goldman Sachs Future Tech Leaders Equity ETF by 16.2% in the fourth quarter. Kestra Advisory Services LLC now owns 12,326 shares of the company’s stock valued at $493,000 after buying an additional 1,715 shares during the last quarter. Finally, CWM LLC increased its holdings in Goldman Sachs Future Tech Leaders Equity ETF by 21.8% in the 4th quarter. CWM LLC now owns 12,331 shares of the company’s stock worth $493,000 after buying an additional 2,208 shares during the period.

Goldman Sachs Future Tech Leaders Equity ETF Company Profile

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.