Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Short Interest Down 37.6% in February

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) saw a significant drop in short interest in February. As of February 27th, there was short interest totaling 6,892 shares, a drop of 37.6% from the February 12th total of 11,043 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 12,248 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 12,248 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the company’s shares are short sold.

Goldman Sachs Hedge Industry VIP ETF Stock Performance

NYSEARCA GVIP traded down $0.07 during trading on Friday, hitting $147.55. The stock had a trading volume of 4,569 shares, compared to its average volume of 12,995. The company has a market capitalization of $427.90 million, a PE ratio of 28.77 and a beta of 1.06. Goldman Sachs Hedge Industry VIP ETF has a 12 month low of $100.33 and a 12 month high of $163.41. The company’s 50-day moving average price is $156.93 and its two-hundred day moving average price is $153.91.

Institutional Investors Weigh In On Goldman Sachs Hedge Industry VIP ETF

A number of institutional investors and hedge funds have recently made changes to their positions in GVIP. Raymond James Financial Inc. raised its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 1,226.9% in the 2nd quarter. Raymond James Financial Inc. now owns 41,624 shares of the company’s stock valued at $5,760,000 after purchasing an additional 38,487 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Goldman Sachs Hedge Industry VIP ETF by 4,855.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 34,590 shares of the company’s stock worth $5,358,000 after purchasing an additional 33,892 shares during the period. Commonwealth Equity Services LLC bought a new position in Goldman Sachs Hedge Industry VIP ETF during the fourth quarter worth about $4,830,000. Rockefeller Capital Management L.P. acquired a new position in Goldman Sachs Hedge Industry VIP ETF during the second quarter worth approximately $3,696,000. Finally, Royal Harbor Partners LLC acquired a new position in Goldman Sachs Hedge Industry VIP ETF during the fourth quarter worth approximately $1,765,000.

About Goldman Sachs Hedge Industry VIP ETF

The Goldman Sachs Hedge Industry VIP ETF (GVIP) is an exchange-traded fund that is based on the Goldman Sachs Hedge Fund VIP index. The fund tracks an equal-weighted index of the 50 most-frequently held US companies selected from the portfolios of hedge funds. GVIP was launched on Nov 1, 2016 and is managed by Goldman Sachs.