Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) Short Interest Update

Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 353 shares, a drop of 87.3% from the July 30th total of 2,769 shares. Based on an average daily volume of 2,053 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Goldman Sachs Innovate Equity ETF Trading Down 0.6%

Goldman Sachs Innovate Equity ETF stock traded down $0.51 during trading hours on Wednesday, reaching $82.38. 37,195 shares of the stock were exchanged, compared to its average volume of 5,552. The stock has a 50 day moving average of $79.48 and a two-hundred day moving average of $75.76. Goldman Sachs Innovate Equity ETF has a twelve month low of $65.63 and a twelve month high of $82.89. The company has a market cap of $214.19 million, a P/E ratio of 23.29 and a beta of 1.15.

Institutional Investors Weigh In On Goldman Sachs Innovate Equity ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Goldman Sachs Innovate Equity ETF during the fourth quarter worth $1,347,000. Summa Corp. raised its holdings in shares of Goldman Sachs Innovate Equity ETF by 960.7% in the 1st quarter. Summa Corp. now owns 35,533 shares of the company’s stock valued at $2,427,000 after buying an additional 32,183 shares during the period. Cetera Investment Advisers raised its holdings in shares of Goldman Sachs Innovate Equity ETF by 33.4% in the 4th quarter. Cetera Investment Advisers now owns 11,194 shares of the company’s stock valued at $818,000 after buying an additional 2,803 shares during the period. Flow Traders U.S. LLC raised its holdings in shares of Goldman Sachs Innovate Equity ETF by 253.9% in the 3rd quarter. Flow Traders U.S. LLC now owns 21,166 shares of the company’s stock valued at $1,563,000 after buying an additional 15,185 shares during the period. Finally, Citadel Advisors LLC lifted its stake in Goldman Sachs Innovate Equity ETF by 280.2% during the 3rd quarter. Citadel Advisors LLC now owns 23,692 shares of the company’s stock worth $1,749,000 after acquiring an additional 17,461 shares in the last quarter.

Goldman Sachs Innovate Equity ETF Company Profile

The Goldman Sachs Innovate Equity ETF (GINN) is an exchange-traded fund that is based on the Solactive Innovative Global Equity index. The fund selects companies globally, believed to benefit from technological innovation and changes in the economy across five themes: data, finance, human evolution, manufacturing, and shifts with consumers. GINN was launched on Nov 6, 2020 and is managed by Goldman Sachs.