Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Sees Significant Drop in Short Interest

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) saw a significant drop in short interest in December. As of December 15th, there was short interest totaling 61,635 shares, a drop of 86.7% from the November 30th total of 464,363 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 112,049 shares, the short-interest ratio is presently 0.6 days. Based on an average trading volume of 112,049 shares, the short-interest ratio is presently 0.6 days. Currently, 0.4% of the company’s stock are short sold.

Institutional Investors Weigh In On Goldman Sachs Access Investment Grade Corporate Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GIGB. EP Wealth Advisors LLC acquired a new stake in Goldman Sachs Access Investment Grade Corporate Bond ETF in the first quarter worth about $13,420,000. Jane Street Group LLC acquired a new position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF during the second quarter valued at about $4,997,000. Envestnet Asset Management Inc. raised its position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 5.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 942,221 shares of the company’s stock valued at $43,992,000 after purchasing an additional 48,927 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in Goldman Sachs Access Investment Grade Corporate Bond ETF in the 2nd quarter worth approximately $1,087,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 177.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 31,500 shares of the company’s stock worth $1,468,000 after purchasing an additional 20,129 shares in the last quarter.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Performance

Shares of GIGB stock traded up $0.16 during trading hours on Wednesday, reaching $46.57. 21,493 shares of the company’s stock were exchanged, compared to its average volume of 82,186. Goldman Sachs Access Investment Grade Corporate Bond ETF has a fifty-two week low of $43.96 and a fifty-two week high of $47.16. The stock’s 50 day moving average is $46.58 and its 200-day moving average is $46.26.

About Goldman Sachs Access Investment Grade Corporate Bond ETF

The Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a broad-maturity, USD-denominated, investment-grade corporate bond index selected by operating margin and leverage. GIGB was launched on Jun 6, 2017 and is managed by Goldman Sachs.