Goldman Sachs Access High Yield Corporate Bond ETF (NYSEARCA:GHYB) Short Interest Down 56.7% in August

Goldman Sachs Access High Yield Corporate Bond ETF (NYSEARCA:GHYB) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 6,378 shares, a drop of 56.7% from the July 30th total of 14,719 shares. Based on an average trading volume of 7,797 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.2% of the company’s shares are sold short.

Goldman Sachs Access High Yield Corporate Bond ETF Stock Performance

GHYB stock traded down $0.11 during midday trading on Friday, hitting $44.62. The company had a trading volume of 21,449 shares, compared to its average volume of 16,222. Goldman Sachs Access High Yield Corporate Bond ETF has a 52 week low of $44.01 and a 52 week high of $45.91. The stock’s 50 day moving average price is $44.61 and its 200 day moving average price is $44.77.

Institutional Investors Weigh In On Goldman Sachs Access High Yield Corporate Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in Goldman Sachs Access High Yield Corporate Bond ETF by 400.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,000 shares of the company’s stock valued at $46,000 after buying an additional 800 shares during the period. Claris Financial LLC purchased a new position in shares of Goldman Sachs Access High Yield Corporate Bond ETF in the fourth quarter valued at about $205,000. Osaic Holdings Inc. raised its stake in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 25.8% during the fourth quarter. Osaic Holdings Inc. now owns 7,992 shares of the company’s stock valued at $362,000 after acquiring an additional 1,641 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 21,221.1% during the second quarter. JPMorgan Chase & Co. now owns 8,102 shares of the company’s stock valued at $368,000 after acquiring an additional 8,064 shares during the last quarter. Finally, Smithbridge Asset Management Inc. DE boosted its holdings in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 4.0% during the fourth quarter. Smithbridge Asset Management Inc. DE now owns 16,337 shares of the company’s stock worth $740,000 after purchasing an additional 625 shares during the period.

About Goldman Sachs Access High Yield Corporate Bond ETF

The Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a broad-maturity, USD-denominated, high-yield corporate bond index selected by debt service and leverage. GHYB was launched on Sep 5, 2017 and is managed by Goldman Sachs.