Goldman Sachs Ultra Short Bond ETF (BATS:GSST) Sees Large Drop in Short Interest

Goldman Sachs Ultra Short Bond ETF (BATS:GSST) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 32,194 shares, a decline of 66.8% from the April 30th total of 96,857 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 284,511 shares, the days-to-cover ratio is presently 0.1 days.

Goldman Sachs Ultra Short Bond ETF Stock Up 0.0%

Shares of GSST opened at $50.56 on Friday. Goldman Sachs Ultra Short Bond ETF has a 12 month low of $50.29 and a 12 month high of $50.83. The stock’s 50-day moving average price is $50.50 and its two-hundred day moving average price is $50.55.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Synergy Financial Group LTD raised its position in shares of Goldman Sachs Ultra Short Bond ETF by 2.5% in the 4th quarter. Synergy Financial Group LTD now owns 8,453 shares of the company’s stock worth $427,000 after acquiring an additional 210 shares in the last quarter. CWC Advisors LLC. boosted its stake in Goldman Sachs Ultra Short Bond ETF by 4.0% during the 4th quarter. CWC Advisors LLC. now owns 6,066 shares of the company’s stock valued at $306,000 after purchasing an additional 235 shares during the last quarter. MML Investors Services LLC boosted its stake in Goldman Sachs Ultra Short Bond ETF by 1.0% during the 4th quarter. MML Investors Services LLC now owns 24,073 shares of the company’s stock valued at $1,215,000 after purchasing an additional 240 shares during the last quarter. Vision Retirement LLC boosted its stake in shares of Goldman Sachs Ultra Short Bond ETF by 5.3% in the 1st quarter. Vision Retirement LLC now owns 4,949 shares of the company’s stock worth $250,000 after buying an additional 249 shares during the last quarter. Finally, CoreCap Advisors LLC boosted its stake in shares of Goldman Sachs Ultra Short Bond ETF by 3.8% in the 4th quarter. CoreCap Advisors LLC now owns 7,289 shares of the company’s stock worth $368,000 after buying an additional 265 shares during the last quarter.

About Goldman Sachs Ultra Short Bond ETF

The Goldman Sachs Access Ultra Short Bond ETF (GSST) is an exchange-traded fund that is based on the FTSE 3 Month T-Bill index. The fund is an actively-managed ETF that seeks to provide current income with preservation of capital by investing in a broad range of USD-denominated ultra-short-term bonds. GSST was launched on Apr 15, 2019 and is managed by Goldman Sachs.