Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Short Interest Down 43.5% in May
by Renee Jackson · The Cerbat GemGoldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP – Get Free Report) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 17,145 shares, a drop of 43.5% from the April 30th total of 30,333 shares. Based on an average daily volume of 17,824 shares, the short-interest ratio is currently 1.0 days. Approximately 0.6% of the shares of the stock are sold short.
Goldman Sachs Hedge Industry VIP ETF Price Performance
NYSEARCA GVIP traded up $0.44 during trading hours on Tuesday, reaching $180.54. 11,496 shares of the stock traded hands, compared to its average volume of 13,092. The stock has a 50 day simple moving average of $163.56 and a two-hundred day simple moving average of $158.08. Goldman Sachs Hedge Industry VIP ETF has a 1 year low of $131.16 and a 1 year high of $181.09. The company has a market cap of $541.62 million, a price-to-earnings ratio of 28.77 and a beta of 1.08.
Institutional Investors Weigh In On Goldman Sachs Hedge Industry VIP ETF
A number of large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in Goldman Sachs Hedge Industry VIP ETF by 7.1% during the first quarter. Bank of America Corp DE now owns 173,420 shares of the company’s stock valued at $25,272,000 after purchasing an additional 11,505 shares in the last quarter. LPL Financial LLC lifted its stake in Goldman Sachs Hedge Industry VIP ETF by 6.0% in the fourth quarter. LPL Financial LLC now owns 81,040 shares of the company’s stock worth $12,553,000 after purchasing an additional 4,558 shares during the last quarter. Raymond James Financial Inc. lifted its stake in Goldman Sachs Hedge Industry VIP ETF by 29.8% in the third quarter. Raymond James Financial Inc. now owns 54,028 shares of the company’s stock worth $8,280,000 after purchasing an additional 12,404 shares during the last quarter. Texas Yale Capital Corp. lifted its stake in Goldman Sachs Hedge Industry VIP ETF by 3.4% in the fourth quarter. Texas Yale Capital Corp. now owns 47,736 shares of the company’s stock worth $7,394,000 after purchasing an additional 1,548 shares during the last quarter. Finally, Great Lakes Retirement Inc. lifted its stake in Goldman Sachs Hedge Industry VIP ETF by 15.5% in the fourth quarter. Great Lakes Retirement Inc. now owns 38,651 shares of the company’s stock worth $5,987,000 after purchasing an additional 5,187 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.