Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (NYSEARCA:GSIG) Sees Significant Decrease in Short Interest
by Mitch Edgeman · The Markets DailyGoldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (NYSEARCA:GSIG – Get Free Report) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 36 shares, a decline of 89.8% from the November 30th total of 354 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,341 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 1,341 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Hartford Financial Management Inc. grew its holdings in Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF by 54.6% during the 2nd quarter. Hartford Financial Management Inc. now owns 74,373 shares of the company’s stock valued at $3,539,000 after buying an additional 26,269 shares during the last quarter. Citadel Advisors LLC boosted its stake in shares of Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF by 30.6% during the third quarter. Citadel Advisors LLC now owns 19,890 shares of the company’s stock valued at $952,000 after acquiring an additional 4,664 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF during the third quarter valued at $834,000. Finally, Susquehanna International Group LLP purchased a new stake in Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF during the 3rd quarter worth about $432,000. 77.18% of the stock is currently owned by institutional investors and hedge funds.
Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF Stock Performance
NYSEARCA GSIG traded up $0.06 during trading hours on Wednesday, reaching $47.81. The company’s stock had a trading volume of 5,922 shares, compared to its average volume of 1,134. The company’s 50-day moving average is $47.75 and its two-hundred day moving average is $47.64. Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF has a fifty-two week low of $46.62 and a fifty-two week high of $47.97. The stock has a market cap of $9.56 million, a PE ratio of 48.79 and a beta of 0.12.
About Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF
The Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an market-value weighted index of fundamentally-selected US investment-grade corporate bonds, maturing between one to five years. GSIG was launched on Jul 7, 2020 and is managed by Goldman Sachs.