Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Short Interest Up 72.0% in April

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 30,333 shares, an increase of 72.0% from the April 15th total of 17,633 shares. Based on an average daily volume of 8,141 shares, the days-to-cover ratio is presently 3.7 days. Currently, 1.0% of the shares of the company are sold short.

Goldman Sachs Hedge Industry VIP ETF Stock Performance

Shares of Goldman Sachs Hedge Industry VIP ETF stock opened at $168.58 on Wednesday. Goldman Sachs Hedge Industry VIP ETF has a one year low of $127.31 and a one year high of $177.27. The stock’s fifty day moving average is $158.77 and its 200 day moving average is $156.64. The stock has a market cap of $505.74 million, a P/E ratio of 28.77 and a beta of 1.08.

Institutional Investors Weigh In On Goldman Sachs Hedge Industry VIP ETF

A number of institutional investors have recently bought and sold shares of GVIP. Main Street Group LTD purchased a new stake in Goldman Sachs Hedge Industry VIP ETF in the 1st quarter worth $42,000. Northwestern Mutual Wealth Management Co. increased its stake in Goldman Sachs Hedge Industry VIP ETF by 31.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 698 shares of the company’s stock worth $107,000 after buying an additional 166 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in Goldman Sachs Hedge Industry VIP ETF in the 3rd quarter worth $132,000. Strategic Blueprint LLC purchased a new stake in Goldman Sachs Hedge Industry VIP ETF in the 4th quarter worth $208,000. Finally, StoneX Group Inc. purchased a new stake in Goldman Sachs Hedge Industry VIP ETF in the 2nd quarter worth $208,000.

Goldman Sachs Hedge Industry VIP ETF Company Profile

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.