Short Interest in Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Drops By 43.5%

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 17,145 shares, a decrease of 43.5% from the April 30th total of 30,333 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 17,824 shares, the short-interest ratio is presently 1.0 days.

Goldman Sachs Hedge Industry VIP ETF Trading Up 0.2%

Shares of GVIP traded up $0.35 during trading hours on Thursday, reaching $180.29. 9,410 shares of the stock traded hands, compared to its average volume of 13,507. Goldman Sachs Hedge Industry VIP ETF has a 52-week low of $131.18 and a 52-week high of $181.46. The company’s 50-day moving average price is $164.87 and its two-hundred day moving average price is $158.47. The company has a market cap of $540.87 million, a P/E ratio of 28.77 and a beta of 1.08.

Hedge Funds Weigh In On Goldman Sachs Hedge Industry VIP ETF

Several institutional investors have recently bought and sold shares of GVIP. Jane Street Group LLC boosted its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 449.5% during the 1st quarter. Jane Street Group LLC now owns 11,962 shares of the company’s stock worth $1,410,000 after purchasing an additional 9,785 shares during the period. StoneX Group Inc. purchased a new position in shares of Goldman Sachs Hedge Industry VIP ETF during the second quarter valued at approximately $208,000. Raymond James Financial Inc. boosted its position in shares of Goldman Sachs Hedge Industry VIP ETF by 1,226.9% during the second quarter. Raymond James Financial Inc. now owns 41,624 shares of the company’s stock valued at $5,760,000 after buying an additional 38,487 shares during the period. Bank of America Corp DE boosted its position in shares of Goldman Sachs Hedge Industry VIP ETF by 5.1% during the second quarter. Bank of America Corp DE now owns 155,110 shares of the company’s stock valued at $21,463,000 after buying an additional 7,474 shares during the period. Finally, Truist Financial Corp grew its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 26.4% during the third quarter. Truist Financial Corp now owns 18,382 shares of the company’s stock valued at $2,817,000 after buying an additional 3,835 shares during the last quarter.

Goldman Sachs Hedge Industry VIP ETF Company Profile

The Goldman Sachs Hedge Industry VIP ETF (GVIP) is an exchange-traded fund that is based on the Goldman Sachs Hedge Fund VIP index. The fund tracks an equal-weighted index of the 50 most-frequently held US companies selected from the portfolios of hedge funds. GVIP was launched on Nov 1, 2016 and is managed by Goldman Sachs.