Short Interest in Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Drops By 47.5%

by · The Cerbat Gem

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP – Get Free Report) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 20,526 shares, a decrease of 47.5% from the July 15th total of 39,130 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 12,330 shares, the short-interest ratio is presently 1.7 days.

Institutional Investors Weigh In On Goldman Sachs Hedge Industry VIP ETF

A number of institutional investors and hedge funds have recently bought and sold shares of GVIP. Main Street Group LTD purchased a new stake in Goldman Sachs Hedge Industry VIP ETF in the first quarter worth about $42,000. Northwestern Mutual Wealth Management Co. grew its stake in Goldman Sachs Hedge Industry VIP ETF by 31.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 698 shares of the company’s stock worth $107,000 after buying an additional 166 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Goldman Sachs Hedge Industry VIP ETF during the third quarter valued at about $132,000. Strategic Blueprint LLC acquired a new position in Goldman Sachs Hedge Industry VIP ETF during the 4th quarter valued at approximately $208,000. Finally, StoneX Group Inc. acquired a new position in shares of Goldman Sachs Hedge Industry VIP ETF in the second quarter valued at about $208,000.

Goldman Sachs Hedge Industry VIP ETF Trading Up 0.5%

Shares of NYSEARCA GVIP traded up $0.81 during midday trading on Friday, hitting $177.86. The company’s stock had a trading volume of 4,903 shares, compared to its average volume of 12,623. The business’s 50 day moving average is $177.20 and its two-hundred day moving average is $166.61. Goldman Sachs Hedge Industry VIP ETF has a 12-month low of $138.35 and a 12-month high of $192.13. The firm has a market cap of $586.94 million, a P/E ratio of 28.77 and a beta of 1.09.

Goldman Sachs Hedge Industry VIP ETF Company Profile

(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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