Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Sees Significant Growth in Short Interest

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 21,952 shares, a growth of 218.8% from the December 15th total of 6,885 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily volume of 11,135 shares, the days-to-cover ratio is presently 2.0 days. Based on an average daily volume of 11,135 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.8% of the company’s stock are sold short.

Goldman Sachs Hedge Industry VIP ETF Stock Down 0.6%

Goldman Sachs Hedge Industry VIP ETF stock opened at $158.50 on Thursday. Goldman Sachs Hedge Industry VIP ETF has a 12 month low of $100.33 and a 12 month high of $161.71. The stock has a market cap of $459.65 million, a P/E ratio of 28.77 and a beta of 1.06. The company’s fifty day simple moving average is $154.08 and its 200-day simple moving average is $148.93.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. lifted its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 1,226.9% during the 2nd quarter. Raymond James Financial Inc. now owns 41,624 shares of the company’s stock valued at $5,760,000 after buying an additional 38,487 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new position in Goldman Sachs Hedge Industry VIP ETF in the second quarter worth approximately $3,696,000. Private Advisory Group LLC raised its position in 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 valued at $5,414,000 after acquiring an additional 9,911 shares in the last quarter. Jane Street Group LLC raised its position in Goldman Sachs Hedge Industry VIP ETF by 449.5% during the first quarter. Jane Street Group LLC now owns 11,962 shares of the company’s stock valued at $1,410,000 after acquiring an additional 9,785 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Goldman Sachs Hedge Industry VIP ETF by 5.1% in the second quarter. Bank of America Corp DE now owns 155,110 shares of the company’s stock valued at $21,463,000 after acquiring an additional 7,474 shares during 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.