Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) Short Interest Up 64.9% in December

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 24,309 shares, a growth of 64.9% from the December 15th total of 14,744 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 15,413 shares, the short-interest ratio is presently 1.6 days. Based on an average trading volume of 15,413 shares, the short-interest ratio is presently 1.6 days. Currently, 0.4% of the company’s stock are sold short.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Price Performance

Shares of GGUS traded down $0.06 during mid-day trading on Friday, hitting $63.43. 10,356 shares of the company’s stock were exchanged, compared to its average volume of 30,078. Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF has a 52 week low of $43.64 and a 52 week high of $66.12. The company has a market cap of $399.61 million, a PE ratio of 35.28 and a beta of 1.17. The company has a 50-day simple moving average of $63.64 and a 200 day simple moving average of $62.24.

Institutional Investors Weigh In On Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GGUS. Envestnet Asset Management Inc. boosted its stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 121.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 579,574 shares of the company’s stock worth $36,683,000 after buying an additional 317,274 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 117.7% during the third quarter. Envestnet Portfolio Solutions Inc. now owns 97,984 shares of the company’s stock worth $6,202,000 after acquiring an additional 52,978 shares in the last quarter. Keebeck Wealth Management raised its holdings in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 385.4% during the third quarter. Keebeck Wealth Management now owns 48,051 shares of the company’s stock worth $3,041,000 after acquiring an additional 38,152 shares in the last quarter. Sowell Financial Services LLC boosted its position in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 114.4% during the third quarter. Sowell Financial Services LLC now owns 35,177 shares of the company’s stock valued at $2,226,000 after purchasing an additional 18,772 shares during the last quarter. Finally, MGO One Seven LLC bought a new position in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF in the third quarter valued at approximately $886,000.

About Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF

The Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (GGUS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large- and mid-cap stocks selected from the Russell 1000 Index with the highest growth characteristics based on Russells style methodology. GGUS was launched on Nov 28, 2023 and is issued by Goldman Sachs.