Goldman Sachs Ultra Short Bond ETF (BATS:GSST) Sees Large Drop in Short Interest
by Tristan Rich · The Markets DailyGoldman Sachs Ultra Short Bond ETF (BATS:GSST – Get Free Report) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 101,270 shares, a decrease of 50.3% from the July 15th total of 203,674 shares. Based on an average trading volume of 193,693 shares, the short-interest ratio is currently 0.5 days. Currently, 0.6% of the company’s stock are short sold.
Institutional Investors Weigh In On Goldman Sachs Ultra Short Bond ETF
A number of institutional investors and hedge funds have recently made changes to their positions in GSST. Synergy Financial Group LTD increased its position in shares of Goldman Sachs Ultra Short Bond ETF by 2.5% in the fourth quarter. Synergy Financial Group LTD now owns 8,453 shares of the company’s stock worth $427,000 after purchasing an additional 210 shares during the period. CWC Advisors LLC. lifted its position in Goldman Sachs Ultra Short Bond ETF by 4.0% during the fourth quarter. CWC Advisors LLC. now owns 6,066 shares of the company’s stock worth $306,000 after purchasing an additional 235 shares during the period. MML Investors Services LLC lifted its position in Goldman Sachs Ultra Short Bond ETF by 1.0% during the fourth quarter. MML Investors Services LLC now owns 24,073 shares of the company’s stock worth $1,215,000 after purchasing an additional 240 shares during the period. Vision Retirement LLC grew its stake in Goldman Sachs Ultra Short Bond ETF by 5.3% during the first quarter. Vision Retirement LLC now owns 4,949 shares of the company’s stock worth $250,000 after buying an additional 249 shares in the last quarter. Finally, Wagner Wealth Management LLC grew its stake in Goldman Sachs Ultra Short Bond ETF by 20.9% during the fourth quarter. Wagner Wealth Management LLC now owns 1,713 shares of the company’s stock worth $86,000 after buying an additional 296 shares in the last quarter.
Goldman Sachs Ultra Short Bond ETF Price Performance
Shares of BATS GSST opened at $50.51 on Monday. The stock has a 50 day moving average price of $50.48 and a 200 day moving average price of $50.51. Goldman Sachs Ultra Short Bond ETF has a 52 week low of $50.37 and a 52 week high of $50.83.
About Goldman Sachs Ultra Short Bond ETF
The Goldman Sachs Access Ultra Short Bond ETF (GSST) is an exchange-traded fund that is based on the FTSE 3 Month T-Bill index. The fund is an actively-managed ETF that seeks to provide current income with preservation of capital by investing in a broad range of USD-denominated ultra-short-term bonds. GSST was launched on Apr 15, 2019 and is managed by Goldman Sachs.