Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Short Interest Update

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 38,392 shares, a growth of 131.0% from the June 15th total of 16,623 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average trading volume of 12,849 shares, the days-to-cover ratio is currently 3.0 days.

Goldman Sachs Hedge Industry VIP ETF Stock Up 1.2%

Goldman Sachs Hedge Industry VIP ETF stock traded up $2.16 during mid-day trading on Tuesday, reaching $179.42. 21,959 shares of the company’s stock were exchanged, compared to its average volume of 12,935. The business’s fifty day simple moving average is $178.41 and its 200 day simple moving average is $164.16. Goldman Sachs Hedge Industry VIP ETF has a one year low of $137.70 and a one year high of $192.13. The firm has a market capitalization of $574.14 million, a PE ratio of 28.77 and a beta of 1.08.

Institutional Investors Weigh In On Goldman Sachs Hedge Industry VIP ETF

Several large investors have recently modified their holdings of GVIP. Jane Street Group LLC raised its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 449.5% in the 1st quarter. Jane Street Group LLC now owns 11,962 shares of the company’s stock worth $1,410,000 after purchasing an additional 9,785 shares during the period. StoneX Group Inc. purchased a new stake in Goldman Sachs Hedge Industry VIP ETF in the second quarter worth $208,000. Raymond James Financial Inc. increased its position in 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 worth $5,760,000 after buying an additional 38,487 shares during the last quarter. Bank of America Corp DE raised its stake 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 period. Finally, JPMorgan Chase & Co. purchased a new position in shares of Goldman Sachs Hedge Industry VIP ETF during the 3rd quarter valued at $132,000.

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.