Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Short Interest Up 100.4% in June

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 26,000 shares, a growth of 100.4% from the May 31st total of 12,974 shares. Based on an average daily volume of 58,509 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Goldman Sachs Access Investment Grade Corporate Bond ETF

Large investors have recently made changes to their positions in the stock. Sowell Financial Services LLC lifted its position in Goldman Sachs Access Investment Grade Corporate Bond ETF by 144.8% in the 4th quarter. Sowell Financial Services LLC now owns 51,172 shares of the company’s stock valued at $2,367,000 after acquiring an additional 30,269 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Goldman Sachs Access Investment Grade Corporate Bond ETF by 67,050.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,274,925 shares of the company’s stock worth $151,465,000 after purchasing an additional 3,270,048 shares in the last quarter. Capital Financial Group Inc. Co. ADV bought a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF during the 4th quarter worth about $3,894,000. Corient Private Wealth LLC acquired a new stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the 4th quarter valued at about $2,880,000. Finally, Manning & Napier Advisors LLC raised its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 17.3% in the 4th quarter. Manning & Napier Advisors LLC now owns 291,369 shares of the company’s stock valued at $13,574,000 after purchasing an additional 43,060 shares during the period.

Goldman Sachs Access Investment Grade Corporate Bond ETF Price Performance

NYSEARCA GIGB traded down $0.26 during trading hours on Wednesday, reaching $45.65. 135,987 shares of the company’s stock were exchanged, compared to its average volume of 102,199. The company’s 50-day moving average is $45.80 and its two-hundred day moving average is $46.10. Goldman Sachs Access Investment Grade Corporate Bond ETF has a one year low of $45.14 and a one year high of $47.16.

Goldman Sachs Access Investment Grade Corporate Bond ETF Company Profile

The Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a broad-maturity, USD-denominated, investment-grade corporate bond index selected by operating margin and leverage. GIGB was launched on Jun 6, 2017 and is managed by Goldman Sachs.