Short Interest in Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) Grows By 184.1%

Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 1,128 shares, a growth of 184.1% from the April 30th total of 397 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 3,746 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GINN. Cassaday & Co Wealth Management LLC purchased a new position in Goldman Sachs Innovate Equity ETF in the first quarter worth $127,000. Barclays PLC purchased a new position in Goldman Sachs Innovate Equity ETF in the fourth quarter worth $392,000. Farther Finance Advisors LLC raised its position in Goldman Sachs Innovate Equity ETF by 4.2% in the fourth quarter. Farther Finance Advisors LLC now owns 7,139 shares of the company’s stock worth $522,000 after acquiring an additional 290 shares in the last quarter. LPL Financial LLC raised its position in Goldman Sachs Innovate Equity ETF by 10.5% in the fourth quarter. LPL Financial LLC now owns 7,967 shares of the company’s stock worth $582,000 after acquiring an additional 757 shares in the last quarter. Finally, Susquehanna International Group LLP raised its position in Goldman Sachs Innovate Equity ETF by 21.0% in the third quarter. Susquehanna International Group LLP now owns 9,128 shares of the company’s stock worth $674,000 after acquiring an additional 1,585 shares in the last quarter.

Goldman Sachs Innovate Equity ETF Stock Performance

NYSEARCA:GINN traded up $0.39 during trading hours on Friday, hitting $80.03. The company’s stock had a trading volume of 833 shares, compared to its average volume of 5,205. The business’s 50-day moving average is $73.66 and its two-hundred day moving average is $73.58. The company has a market capitalization of $224.08 million, a PE ratio of 23.29 and a beta of 1.14. Goldman Sachs Innovate Equity ETF has a 52-week low of $62.47 and a 52-week high of $80.24.

About Goldman Sachs Innovate Equity ETF

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.