Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Sees Significant Decrease in Short Interest

by · The Cerbat Gem

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP – Get Free Report) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totaling 18,254 shares, a drop of 16.8% from the December 31st total of 21,952 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average trading volume of 9,679 shares, the short-interest ratio is currently 1.9 days. Based on an average trading volume of 9,679 shares, the short-interest ratio is currently 1.9 days. Approximately 0.6% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GVIP. Truist Financial Corp raised its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 93.8% in the 2nd quarter. Truist Financial Corp now owns 14,547 shares of the company’s stock worth $2,013,000 after purchasing an additional 7,041 shares in the last quarter. Atria Wealth Solutions Inc. boosted its holdings in Goldman Sachs Hedge Industry VIP ETF by 15.4% during the second quarter. Atria Wealth Solutions Inc. now owns 3,376 shares of the company’s stock worth $467,000 after buying an additional 450 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in Goldman Sachs Hedge Industry VIP ETF by 35.6% during the second quarter. Osaic Holdings Inc. now owns 20,278 shares of the company’s stock worth $2,806,000 after buying an additional 5,321 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new position in Goldman Sachs Hedge Industry VIP ETF in the second quarter worth approximately $3,696,000. Finally, Keybank National Association OH acquired a new position in Goldman Sachs Hedge Industry VIP ETF in the second quarter worth approximately $231,000.

Goldman Sachs Hedge Industry VIP ETF Stock Down 3.1%

GVIP traded down $4.90 during trading on Wednesday, reaching $155.48. The stock had a trading volume of 13,394 shares, compared to its average volume of 11,514. The stock has a 50 day moving average of $156.67 and a two-hundred day moving average of $151.09. The firm has a market capitalization of $450.89 million, a price-to-earnings ratio of 28.77 and a beta of 1.06. Goldman Sachs Hedge Industry VIP ETF has a 1-year low of $100.33 and a 1-year high of $163.41.

About Goldman Sachs Hedge Industry VIP ETF

(Get Free Report)

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.

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