Short Interest in Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Rises By 198.4%
by Jessica Moore · The Cerbat GemGoldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP – Get Free Report) saw a significant increase in short interest in April. As of April 15th, there was short interest totaling 17,633 shares, an increase of 198.4% from the March 31st total of 5,910 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average trading volume of 15,759 shares, the short-interest ratio is currently 1.1 days.
Goldman Sachs Hedge Industry VIP ETF Price Performance
Shares of NYSEARCA:GVIP traded up $2.29 during midday trading on Friday, hitting $166.71. 7,387 shares of the company’s stock were exchanged, compared to its average volume of 13,217. The stock has a 50 day moving average price of $154.12 and a 200-day moving average price of $154.70. The company has a market cap of $500.13 million, a PE ratio of 28.77 and a beta of 1.05. Goldman Sachs Hedge Industry VIP ETF has a 12 month low of $117.44 and a 12 month high of $167.10.
Institutional Investors Weigh In On Goldman Sachs Hedge Industry VIP ETF
Hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its position in shares of Goldman Sachs Hedge Industry VIP ETF by 220.4% during the third quarter. Envestnet Asset Management Inc. now owns 5,918 shares of the company’s stock worth $907,000 after acquiring an additional 4,071 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of 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 acquiring an additional 5,321 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in shares of Goldman Sachs Hedge Industry VIP ETF during the fourth quarter worth about $853,000. Private Advisory Group LLC increased its position in shares of Goldman Sachs Hedge Industry VIP ETF by 39.0% during the third quarter. Private Advisory Group LLC now owns 35,323 shares of the company’s stock worth $5,414,000 after acquiring an additional 9,911 shares in the last quarter. Finally, Truist Financial Corp increased its position 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 worth $2,817,000 after acquiring an additional 3,835 shares in the last quarter.
About Goldman Sachs Hedge Industry VIP ETF
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.