Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (NYSEARCA:GSIG) Sees Significant Decline in Short Interest

Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (NYSEARCA:GSIG) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 252 shares, a decrease of 75.8% from the April 30th total of 1,042 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 935 shares, the days-to-cover ratio is currently 0.3 days.

Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF Stock Up 0.0%

GSIG traded up $0.01 during trading on Friday, hitting $47.37. 104 shares of the company traded hands, compared to its average volume of 1,392. The firm has a market cap of $9.47 million, a P/E ratio of 48.34 and a beta of 0.13. The stock’s fifty day moving average is $47.36 and its 200 day moving average is $47.59. Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF has a one year low of $46.99 and a one year high of $48.11.

Hedge Funds Weigh In On Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC grew its position in Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF by 3.2% during the fourth quarter. Sanctuary Advisors LLC now owns 7,009 shares of the company’s stock valued at $334,000 after buying an additional 219 shares during the period. Citadel Advisors LLC boosted its position in Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF by 30.6% during the third quarter. Citadel Advisors LLC now owns 19,890 shares of the company’s stock worth $952,000 after purchasing an additional 4,664 shares during the period. Susquehanna International Group LLP bought a new position in Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF during the third quarter worth about $432,000. Finally, Flow Traders U.S. LLC bought a new position in Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF during the third quarter worth about $834,000. Institutional investors own 77.18% of the company’s stock.

Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF Company Profile

The Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an market-value weighted index of fundamentally-selected US investment-grade corporate bonds, maturing between one to five years. GSIG was launched on Jul 7, 2020 and is managed by Goldman Sachs.