Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Short Interest Down 43.5% in May

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 17,145 shares, a decline of 43.5% from the April 30th total of 30,333 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 17,824 shares, the short-interest ratio is currently 1.0 days.

Institutional Trading of Goldman Sachs Hedge Industry VIP ETF

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 7.1% during the first quarter. Bank of America Corp DE now owns 173,420 shares of the company’s stock valued at $25,272,000 after acquiring an additional 11,505 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 107.5% during the first quarter. Cetera Investment Advisers now owns 5,016 shares of the company’s stock valued at $731,000 after acquiring an additional 2,599 shares during the last quarter. Main Street Group LTD bought a new position in shares of Goldman Sachs Hedge Industry VIP ETF during the first quarter valued at about $42,000. Quartz Partners LLC raised its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 15.0% during the first quarter. Quartz Partners LLC now owns 2,478 shares of the company’s stock valued at $361,000 after acquiring an additional 324 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 10.9% during the first quarter. Sanctuary Advisors LLC now owns 7,547 shares of the company’s stock valued at $1,100,000 after acquiring an additional 739 shares during the last quarter.

Goldman Sachs Hedge Industry VIP ETF Price Performance

Goldman Sachs Hedge Industry VIP ETF stock traded up $0.44 during mid-day trading on Tuesday, hitting $180.54. The company’s stock had a trading volume of 11,496 shares, compared to its average volume of 13,092. The stock has a market cap of $541.62 million, a price-to-earnings ratio of 28.77 and a beta of 1.08. The business has a 50 day moving average price of $163.56 and a 200-day moving average price of $158.08. Goldman Sachs Hedge Industry VIP ETF has a 12 month low of $131.16 and a 12 month high of $181.09.

About Goldman Sachs Hedge Industry VIP ETF

The Goldman Sachs Hedge Industry VIP ETF (GVIP) is an exchange-traded fund that is based on the Goldman Sachs Hedge Fund VIP index. The fund tracks an equal-weighted index of the 50 most-frequently held US companies selected from the portfolios of hedge funds. GVIP was launched on Nov 1, 2016 and is managed by Goldman Sachs.