Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Short Interest Update

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 8,113 shares, an increase of 17.7% from the February 26th total of 6,892 shares. Based on an average daily trading volume, of 17,957 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Trading of Goldman Sachs Hedge Industry VIP ETF

Several institutional investors and hedge funds have recently made changes to their positions in GVIP. HighTower Advisors LLC increased its stake in Goldman Sachs Hedge Industry VIP ETF by 1.3% in the fourth quarter. HighTower Advisors LLC now owns 5,373 shares of the company’s stock valued at $832,000 after purchasing an additional 67 shares in the last quarter. Summit Financial LLC increased its position in shares of Goldman Sachs Hedge Industry VIP ETF by 0.7% in the 4th quarter. Summit Financial LLC now owns 10,352 shares of the company’s stock valued at $1,603,000 after buying an additional 70 shares in the last quarter. Cross Staff Investments Inc raised its stake in Goldman Sachs Hedge Industry VIP ETF by 1.0% during the 3rd quarter. Cross Staff Investments Inc now owns 7,800 shares of the company’s stock worth $1,195,000 after buying an additional 74 shares during the period. Mariner LLC lifted its holdings in Goldman Sachs Hedge Industry VIP ETF by 4.7% during the fourth quarter. Mariner LLC now owns 2,066 shares of the company’s stock worth $320,000 after acquiring an additional 92 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Goldman Sachs Hedge Industry VIP ETF by 31.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 698 shares of the company’s stock valued at $107,000 after acquiring an additional 166 shares during the period.

Goldman Sachs Hedge Industry VIP ETF Price Performance

GVIP opened at $145.73 on Wednesday. The firm has a 50 day simple moving average of $154.22 and a 200 day simple moving average of $154.01. Goldman Sachs Hedge Industry VIP ETF has a fifty-two week low of $100.33 and a fifty-two week high of $163.41. The company has a market cap of $422.62 million, a price-to-earnings ratio of 28.77 and a beta of 1.06.

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.