Short Interest in Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Expands By 415.6%

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 50,617 shares, a growth of 415.6% from the June 30th total of 9,818 shares. Based on an average daily trading volume, of 67,904 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the company’s stock are sold short.

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

Several hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 45.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,344,399 shares of the company’s stock valued at $154,678,000 after acquiring an additional 1,050,239 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of 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 valued at $151,465,000 after acquiring an additional 3,270,048 shares during the last quarter. LPL Financial LLC grew its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 4.3% in the 4th quarter. LPL Financial LLC now owns 1,888,656 shares of the company’s stock valued at $87,350,000 after buying an additional 77,734 shares during the period. Valpey Financial Services LLC grew its position in Goldman Sachs Access Investment Grade Corporate Bond ETF by 4,851.0% in the fourth quarter. Valpey Financial Services LLC now owns 472,577 shares of the company’s stock worth $21,857,000 after acquiring an additional 463,032 shares during the period. Finally, Manning & Napier Advisors LLC increased its position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 2.0% during the 1st quarter. Manning & Napier Advisors LLC now owns 297,071 shares of the company’s stock worth $13,606,000 after purchasing an additional 5,702 shares during the last quarter.

Goldman Sachs Access Investment Grade Corporate Bond ETF Trading Down 0.0%

Shares of GIGB traded down $0.02 during trading hours on Friday, hitting $44.94. The company had a trading volume of 44,739 shares, compared to its average volume of 96,310. The company’s fifty day moving average price is $45.62 and its two-hundred day moving average price is $45.98. Goldman Sachs Access Investment Grade Corporate Bond ETF has a one year low of $44.90 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.