Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Sees Large Growth in Short Interest

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 130,182 shares, an increase of 67.6% from the September 30th total of 77,695 shares. Based on an average daily volume of 185,671 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.6% of the shares of the company are short sold.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Performance

Shares of NYSEARCA GIGB opened at $44.33 on Monday. The business’s 50 day moving average price is $44.17 and its 200 day moving average price is $45.42. Goldman Sachs Access Investment Grade Corporate Bond ETF has a 52 week low of $43.15 and a 52 week high of $46.91.

Institutional Trading of Goldman Sachs Access Investment Grade Corporate Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in Goldman Sachs Access Investment Grade Corporate Bond ETF by 20.4% in the 1st quarter. Bank of America Corp DE now owns 122,540 shares of the company’s stock valued at $5,612,000 after buying an additional 20,727 shares in the last quarter. Elevation Point Wealth Partners LLC raised its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 60.2% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 61,853 shares of the company’s stock worth $2,833,000 after acquiring an additional 23,240 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 10.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,393,478 shares of the company’s stock worth $63,975,000 after acquiring an additional 128,042 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 15.1% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 297,453 shares of the company’s stock valued at $13,656,000 after acquiring an additional 39,124 shares during the last quarter. Finally, Sowell Financial Services LLC purchased a new stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the third quarter valued at about $11,977,000.

About Goldman Sachs Access Investment Grade Corporate Bond ETF

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.