Short Interest in Goldman Sachs Access High Yield Corporate Bond ETF (NYSEARCA:GHYB) Drops By 41.4%

Goldman Sachs Access High Yield Corporate Bond ETF (NYSEARCA:GHYB) was the target of a large drop in short interest in January. As of January 30th, there was short interest totaling 6,552 shares, a drop of 41.4% from the January 15th total of 11,178 shares. Based on an average daily volume of 21,989 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 21,989 shares, the days-to-cover ratio is currently 0.3 days.

Goldman Sachs Access High Yield Corporate Bond ETF Stock Performance

NYSEARCA:GHYB traded up $0.04 during trading hours on Friday, hitting $45.40. The company’s stock had a trading volume of 13,425 shares, compared to its average volume of 33,334. Goldman Sachs Access High Yield Corporate Bond ETF has a 52-week low of $42.16 and a 52-week high of $45.91. The stock has a fifty day moving average of $45.48 and a 200-day moving average of $45.46.

Goldman Sachs Access High Yield Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were given a dividend of $0.258 per share. This is a boost from Goldman Sachs Access High Yield Corporate Bond ETF’s previous monthly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 6.8%.

Hedge Funds Weigh In On Goldman Sachs Access High Yield Corporate Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harbour Investments Inc. raised its holdings in Goldman Sachs Access High Yield Corporate Bond ETF by 156.8% during the second quarter. Harbour Investments Inc. now owns 832 shares of the company’s stock worth $38,000 after purchasing an additional 508 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 400.0% in 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 in the last quarter. Claris Financial LLC purchased a new position in shares of Goldman Sachs Access High Yield Corporate Bond ETF in the 2nd quarter valued at $204,000. Global Assets Advisory LLC acquired a new stake in Goldman Sachs Access High Yield Corporate Bond ETF during the 3rd quarter worth $289,000. Finally, Chicago Partners Investment Group LLC lifted its position in Goldman Sachs Access High Yield Corporate Bond ETF by 12.2% in the second quarter. Chicago Partners Investment Group LLC now owns 7,034 shares of the company’s stock valued at $319,000 after acquiring an additional 765 shares during the last quarter.

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.