Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Short Interest Update

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 17,455 shares, a decline of 65.5% from the July 15th total of 50,617 shares. Based on an average daily volume of 37,981 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GIGB. Northwestern Mutual Wealth Management Co. boosted its position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 67,050.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,274,925 shares of the company’s stock valued at $151,465,000 after purchasing an additional 3,270,048 shares in the last quarter. Capital Financial Group Inc. Co. ADV bought a new stake in Goldman Sachs Access Investment Grade Corporate Bond ETF in the fourth quarter worth approximately $3,894,000. Manning & Napier Advisors LLC lifted its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 17.3% in the fourth quarter. Manning & Napier Advisors LLC now owns 291,369 shares of the company’s stock valued at $13,574,000 after buying an additional 43,060 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 20.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 192,471 shares of the company’s stock valued at $8,902,000 after buying an additional 33,167 shares during the period. Finally, Corient Private Wealth LLC bought a new position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF during the 4th quarter worth approximately $2,880,000.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Performance

NYSEARCA GIGB traded down $0.16 on Friday, reaching $44.92. The company had a trading volume of 35,300 shares, compared to its average volume of 91,349. Goldman Sachs Access Investment Grade Corporate Bond ETF has a fifty-two week low of $44.85 and a fifty-two week high of $47.16. The business has a 50 day moving average of $45.43 and a two-hundred day moving average of $45.84.

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.