Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (NYSEARCA:GSIG) Sees Significant Decline in Short Interest

Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (NYSEARCA:GSIG) saw a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 382 shares, a decline of 46.6% from the January 29th total of 715 shares. Based on an average daily volume of 1,050 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 1,050 shares, the days-to-cover ratio is currently 0.4 days.

Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF Stock Up 0.1%

Shares of NYSEARCA:GSIG opened at $47.96 on Monday. The firm has a market cap of $9.59 million, a P/E ratio of 48.94 and a beta of 0.12. Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF has a 12-month low of $46.70 and a 12-month high of $48.11. The business has a fifty day simple moving average of $47.76 and a 200 day simple moving average of $47.76.

Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 6th. Investors of record on Monday, March 2nd will be paid a $0.1326 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, March 2nd. Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF’s payout ratio is currently 223.47%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC boosted its stake in shares of Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF by 3.2% in the 4th quarter. Sanctuary Advisors LLC now owns 7,009 shares of the company’s stock valued at $334,000 after purchasing an additional 219 shares during the last quarter. Susquehanna International Group LLP acquired a new position in Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF in the third quarter valued at $432,000. Flow Traders U.S. LLC acquired a new position in Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF in the third quarter valued at $834,000. Finally, Citadel Advisors LLC boosted its position in Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF by 30.6% during the third quarter. Citadel Advisors LLC now owns 19,890 shares of the company’s stock valued at $952,000 after acquiring an additional 4,664 shares during the last quarter. Institutional investors own 77.18% of the company’s stock.

Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF Company Profile

The Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an market-value weighted index of fundamentally-selected US investment-grade corporate bonds, maturing between one to five years. GSIG was launched on Jul 7, 2020 and is managed by Goldman Sachs.