Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) Sees Significant Drop in Short Interest

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) saw a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 24,163 shares, a decrease of 89.8% from the January 15th total of 237,086 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 22,340 shares, the short-interest ratio is currently 1.1 days. Based on an average daily trading volume, of 22,340 shares, the short-interest ratio is currently 1.1 days. Currently, 0.4% of the company’s stock are short sold.

Hedge Funds Weigh In On Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. lifted its position in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 18.1% during the second quarter. Osaic Holdings Inc. now owns 2,975 shares of the company’s stock valued at $172,000 after buying an additional 457 shares during the last quarter. Consolidated Portfolio Review Corp bought a new position in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF during the 3rd quarter worth approximately $210,000. Syntegra Private Wealth Group LLC bought a new position in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF during the 2nd quarter worth approximately $224,000. Perigon Wealth Management LLC purchased a new stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF during the fourth quarter valued at approximately $245,000. Finally, World Investment Advisors purchased a new stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF during the fourth quarter valued at approximately $304,000.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Price Performance

NYSEARCA GGUS traded down $0.21 during midday trading on Tuesday, hitting $62.22. 10,865 shares of the company traded hands, compared to its average volume of 32,258. Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF has a 52 week low of $43.64 and a 52 week high of $66.12. The company’s 50-day simple moving average is $63.48 and its 200-day simple moving average is $62.74. The company has a market cap of $379.54 million, a PE ratio of 35.28 and a beta of 1.17.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Company Profile

The Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (GGUS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large- and mid-cap stocks selected from the Russell 1000 Index with the highest growth characteristics based on Russells style methodology. GGUS was launched on Nov 28, 2023 and is issued by Goldman Sachs.