Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Sees Significant Decline in Short Interest

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totaling 15,641 shares, a decrease of 69.5% from the June 15th total of 51,313 shares. Based on an average daily volume of 34,469 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF Stock Down 0.3%

Shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF stock traded down $0.31 during trading on Monday, hitting $90.09. 11,813 shares of the stock traded hands, compared to its average volume of 43,888. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 15.78 and a beta of 1.04. Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF has a 52 week low of $66.81 and a 52 week high of $92.00. The firm’s fifty day moving average is $86.84 and its 200-day moving average is $81.24.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of GSSC. Integrated Wealth Concepts LLC boosted its holdings in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 6.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,663 shares of the company’s stock valued at $232,000 after acquiring an additional 213 shares during the period. NewEdge Advisors LLC grew its position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 3.2% during the 4th quarter. NewEdge Advisors LLC now owns 7,552 shares of the company’s stock worth $571,000 after acquiring an additional 234 shares during the last quarter. Aire Advisors LLC increased its stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 4.9% in the 1st quarter. Aire Advisors LLC now owns 5,246 shares of the company’s stock worth $391,000 after purchasing an additional 246 shares during the period. Syntegra Private Wealth Group LLC lifted its position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 1.8% in the fourth quarter. Syntegra Private Wealth Group LLC now owns 17,411 shares of the company’s stock valued at $1,317,000 after purchasing an additional 307 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 850.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 399 shares of the company’s stock valued at $30,000 after purchasing an additional 357 shares during the last quarter.

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF Company Profile

The Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (GSSC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks. The index equally weights four factor-based sub-indices: value, momentum, quality, and low volatility. GSSC was launched on Jun 28, 2017 and is managed by Goldman Sachs.