Goldman Sachs Small Cap Core Equity ETF (NYSEARCA:GSC) Sees Large Growth in Short Interest

Goldman Sachs Small Cap Core Equity ETF (NYSEARCA:GSC) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 77,098 shares, an increase of 796.0% from the October 15th total of 8,605 shares. Based on an average daily volume of 37,612 shares, the short-interest ratio is presently 2.0 days. Currently, 1.6% of the shares of the company are sold short.

Hedge Funds Weigh In On Goldman Sachs Small Cap Core Equity ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its position in shares of Goldman Sachs Small Cap Core Equity ETF by 710.7% in the second quarter. Envestnet Asset Management Inc. now owns 855,549 shares of the company’s stock valued at $59,230,000 after acquiring an additional 750,016 shares in the last quarter. Sanctuary Advisors LLC lifted its position in Goldman Sachs Small Cap Core Equity ETF by 31.6% in the first quarter. Sanctuary Advisors LLC now owns 116,032 shares of the company’s stock valued at $6,339,000 after buying an additional 27,885 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in Goldman Sachs Small Cap Core Equity ETF in the 2nd quarter valued at approximately $5,734,000. Sowell Financial Services LLC acquired a new stake in shares of Goldman Sachs Small Cap Core Equity ETF in the third quarter valued at $1,200,000. Finally, Citadel Advisors LLC purchased a new stake in Goldman Sachs Small Cap Core Equity ETF during the second quarter worth about $763,000.

Goldman Sachs Small Cap Core Equity ETF Stock Performance

Shares of NYSEARCA GSC opened at $62.44 on Friday. Goldman Sachs Small Cap Core Equity ETF has a 1 year low of $50.70 and a 1 year high of $69.87. The company has a market capitalization of $305.96 million, a PE ratio of 22.22 and a beta of 1.06. The company’s fifty day moving average price is $62.47 and its 200 day moving average price is $61.97.

Goldman Sachs Small Cap Core Equity ETF Company Profile

The Goldman Sachs Small Cap Core Equity ETF (GSC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed ETF that invests in small-cap companies. The fund tilts towards US companies but may still invest in securities from other countries, including emerging markets. GSC was launched on Oct 3, 2023 and is issued by Goldman Sachs.