Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Sees Significant Drop in Short Interest

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 2,400 shares, a drop of 80.6% from the September 15th total of 12,400 shares. Based on an average daily volume of 7,700 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 7,700 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Goldman Sachs Hedge Industry VIP ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GVIP. Raymond James Financial Inc. raised its position in shares of Goldman Sachs Hedge Industry VIP ETF by 1,226.9% in the second quarter. Raymond James Financial Inc. now owns 41,624 shares of the company’s stock valued at $5,760,000 after buying an additional 38,487 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of Goldman Sachs Hedge Industry VIP ETF in the second quarter valued at about $3,696,000. Private Advisory Group LLC acquired a new stake in shares of Goldman Sachs Hedge Industry VIP ETF in the first quarter valued at about $2,183,000. Jane Street Group LLC raised its position in shares of Goldman Sachs Hedge Industry VIP ETF by 449.5% in the first quarter. Jane Street Group LLC now owns 11,962 shares of the company’s stock valued at $1,410,000 after buying an additional 9,785 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Goldman Sachs Hedge Industry VIP ETF by 5.1% in the second quarter. Bank of America Corp DE now owns 155,110 shares of the company’s stock valued at $21,463,000 after buying an additional 7,474 shares during the last quarter.

Goldman Sachs Hedge Industry VIP ETF Stock Down 0.9%

GVIP opened at $151.83 on Friday. The company has a market cap of $409.94 million, a price-to-earnings ratio of 28.77 and a beta of 1.11. Goldman Sachs Hedge Industry VIP ETF has a 52-week low of $100.33 and a 52-week high of $156.05. The firm’s fifty day simple moving average is $147.99 and its two-hundred day simple moving average is $135.51.

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.