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

Goldman Sachs Ultra Short Bond ETF (BATS:GSST) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 62,207 shares, a decline of 32.5% from the August 15th total of 92,189 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 230,779 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Goldman Sachs Ultra Short Bond ETF

Several hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC boosted its position in Goldman Sachs Ultra Short Bond ETF by 33.4% during the second quarter. Integrated Wealth Concepts LLC now owns 8,076 shares of the company’s stock worth $408,000 after purchasing an additional 2,021 shares during the period. NewEdge Advisors LLC raised its position in shares of Goldman Sachs Ultra Short Bond ETF by 17.3% in the second quarter. NewEdge Advisors LLC now owns 36,352 shares of the company’s stock valued at $1,839,000 after purchasing an additional 5,374 shares during the period. Waverly Advisors LLC raised its position in shares of Goldman Sachs Ultra Short Bond ETF by 112.2% in the second quarter. Waverly Advisors LLC now owns 15,565 shares of the company’s stock valued at $787,000 after purchasing an additional 8,230 shares during the period. Three Seasons Wealth LLC lifted its stake in shares of Goldman Sachs Ultra Short Bond ETF by 2.0% during the 2nd quarter. Three Seasons Wealth LLC now owns 150,598 shares of the company’s stock worth $7,617,000 after buying an additional 2,993 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its stake in shares of Goldman Sachs Ultra Short Bond ETF by 23.5% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 10,500 shares of the company’s stock worth $531,000 after buying an additional 2,000 shares during the last quarter.

Goldman Sachs Ultra Short Bond ETF Stock Up 0.0%

Shares of GSST stock opened at $50.42 on Thursday. Goldman Sachs Ultra Short Bond ETF has a 52-week low of $50.37 and a 52-week high of $50.83. The firm’s 50-day moving average is $50.48 and its 200-day moving average is $50.49.

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.