Short Interest in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Grows By 98.2%

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 21,876 shares, a growth of 98.2% from the February 12th total of 11,037 shares. Based on an average trading volume of 36,813 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 36,813 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC grew its position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 28.7% during the 4th quarter. LPL Financial LLC now owns 920,707 shares of the company’s stock worth $69,633,000 after purchasing an additional 205,514 shares in the last quarter. Betterment LLC boosted its position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 3.8% in the third quarter. Betterment LLC now owns 791,873 shares of the company’s stock worth $59,303,000 after buying an additional 29,206 shares during the period. American National Bank & Trust boosted its position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 9.0% in the fourth quarter. American National Bank & Trust now owns 513,530 shares of the company’s stock worth $38,838,000 after buying an additional 42,212 shares during the period. Bank of America Corp DE grew its holdings in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 60.8% during the third quarter. Bank of America Corp DE now owns 509,254 shares of the company’s stock valued at $38,138,000 after buying an additional 192,578 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 10.0% during the third quarter. Envestnet Asset Management Inc. now owns 319,610 shares of the company’s stock valued at $23,936,000 after buying an additional 29,182 shares in the last quarter.

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF Price Performance

Shares of GSSC traded down $0.25 during mid-day trading on Friday, hitting $73.99. The company’s stock had a trading volume of 25,750 shares, compared to its average volume of 64,897. The firm has a 50-day moving average price of $78.77 and a 200 day moving average price of $76.38. The stock has a market capitalization of $725.10 million, a price-to-earnings ratio of 15.78 and a beta of 1.06. Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF has a fifty-two week low of $54.91 and a fifty-two week high of $81.91.

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.