Goldman Sachs India Equity ETF (NASDAQ:GIND) Sees Large Growth in Short Interest

Goldman Sachs India Equity ETF (NASDAQ:GIND) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 6,363 shares, a growth of 224.6% from the May 14th total of 1,960 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 15,385 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Raab & Moskowitz Asset Management LLC grew its position in Goldman Sachs India Equity ETF by 19.5% in the third quarter. Raab & Moskowitz Asset Management LLC now owns 23,300 shares of the company’s stock worth $603,000 after acquiring an additional 3,800 shares during the period. Jane Street Group LLC purchased a new position in Goldman Sachs India Equity ETF in the second quarter worth approximately $995,000. Susquehanna International Group LLP purchased a new position in Goldman Sachs India Equity ETF in the third quarter worth approximately $1,126,000. Goldman Sachs Group Inc. grew its position in Goldman Sachs India Equity ETF by 61.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 735,423 shares of the company’s stock worth $19,419,000 after acquiring an additional 279,928 shares during the period. Finally, Circle Wealth Management LLC purchased a new position in Goldman Sachs India Equity ETF in the fourth quarter worth approximately $27,422,000.

Goldman Sachs India Equity ETF Price Performance

NASDAQ:GIND opened at $23.41 on Friday. The firm has a market capitalization of $156.85 million, a price-to-earnings ratio of 25.78 and a beta of 1.04. The company’s 50-day moving average is $23.60 and its two-hundred day moving average is $24.60. Goldman Sachs India Equity ETF has a 1-year low of $21.43 and a 1-year high of $29.52.

About Goldman Sachs India Equity ETF

The Goldman Sachs India Equity ETF seeks to provide investment results that correspond to the performance of publicly traded securities of companies located in India.