Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Sees Significant Drop in Short Interest

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) was the recipient of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 5,751 shares, a decrease of 95.6% from the October 15th total of 130,182 shares. Based on an average daily volume of 69,704 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Trading of Goldman Sachs Access Investment Grade Corporate Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. grew its position in Goldman Sachs Access Investment Grade Corporate Bond ETF by 10.1% in the second quarter. Envestnet Asset Management Inc. now owns 1,393,478 shares of the company’s stock valued at $63,975,000 after acquiring an additional 128,042 shares during the last quarter. Arvest Investments Inc. bought a new position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the third quarter worth about $40,374,000. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 15.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 297,453 shares of the company’s stock valued at $13,656,000 after purchasing an additional 39,124 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the 3rd quarter valued at approximately $11,977,000. Finally, Cetera Investment Advisers boosted its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 5.7% in the 1st quarter. Cetera Investment Advisers now owns 227,321 shares of the company’s stock valued at $10,411,000 after purchasing an additional 12,321 shares in the last quarter.

Goldman Sachs Access Investment Grade Corporate Bond ETF Trading Up 0.1%

Shares of GIGB stock traded up $0.06 during trading hours on Wednesday, reaching $44.12. The company’s stock had a trading volume of 36,420 shares, compared to its average volume of 93,396. The firm’s 50 day simple moving average is $44.06 and its 200-day simple moving average is $45.34. Goldman Sachs Access Investment Grade Corporate Bond ETF has a fifty-two week low of $43.15 and a fifty-two week high of $46.91.

About Goldman Sachs Access Investment Grade Corporate Bond ETF

The Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a broad-maturity, USD-denominated, investment-grade corporate bond index selected by operating margin and leverage. GIGB was launched on Jun 6, 2017 and is managed by Goldman Sachs.