Short Interest in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) Drops By 38.4%

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 27,507 shares, a decline of 38.4% from the July 30th total of 44,684 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 32,873 shares, the short-interest ratio is currently 0.8 days.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Trading Up 0.3%

NYSEARCA:GGUS traded up $0.18 on Wednesday, reaching $65.99. 1,438 shares of the stock traded hands, compared to its average volume of 24,496. The company’s fifty day simple moving average is $66.32 and its 200 day simple moving average is $64.34. Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF has a 12 month low of $55.70 and a 12 month high of $69.46. The company has a market capitalization of $442.13 million, a price-to-earnings ratio of 35.28 and a beta of 1.18.

Institutional Trading of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF

Several institutional investors and hedge funds have recently made changes to their positions in GGUS. Beacon Financial Advisory LLC grew its holdings in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 10.3% during the second quarter. Beacon Financial Advisory LLC now owns 7,212 shares of the company’s stock worth $492,000 after buying an additional 675 shares during the last quarter. CoreCap Advisors LLC raised its stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 25.7% during the 2nd quarter. CoreCap Advisors LLC now owns 44,745 shares of the company’s stock worth $3,054,000 after buying an additional 9,138 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 172.9% in the 1st quarter. NewEdge Advisors LLC now owns 33,808 shares of the company’s stock valued at $1,960,000 after buying an additional 21,418 shares in the last quarter. Keebeck Wealth Management boosted its stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 15.2% during the 1st quarter. Keebeck Wealth Management now owns 55,203 shares of the company’s stock worth $3,201,000 after purchasing an additional 7,292 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 5.7% in the 1st quarter. Cetera Investment Advisers now owns 134,681 shares of the company’s stock worth $7,809,000 after acquiring an additional 7,235 shares during the period.

About Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF

The Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (GGUS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large- and mid-cap stocks selected from the Russell 1000 Index with the highest growth characteristics based on Russells style methodology. GGUS was launched on Nov 28, 2023 and is issued by Goldman Sachs.