Short Interest in Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Drops By 30.5%

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) saw a large drop in short interest in February. As of February 27th, there was short interest totaling 9,108 shares, a drop of 30.5% from the February 12th total of 13,109 shares. Based on an average trading volume of 54,895 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 54,895 shares, the days-to-cover ratio is currently 0.2 days.

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

A number of large investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. bought a new stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF during the second quarter worth about $28,000. Hantz Financial Services Inc. bought a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF in the 4th quarter valued at about $30,000. Comerica Bank acquired a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF during the 1st quarter valued at about $101,000. Transamerica Financial Advisors LLC increased its holdings in Goldman Sachs Access Investment Grade Corporate Bond ETF by 49.8% during the 4th quarter. Transamerica Financial Advisors LLC now owns 2,553 shares of the company’s stock worth $119,000 after purchasing an additional 849 shares in the last quarter. Finally, Ausdal Financial Partners Inc. bought a new stake in Goldman Sachs Access Investment Grade Corporate Bond ETF during the 3rd quarter worth approximately $224,000.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Down 0.3%

Shares of NYSEARCA GIGB traded down $0.15 during midday trading on Friday, reaching $45.54. The stock had a trading volume of 57,535 shares, compared to its average volume of 116,354. The company’s 50 day moving average price is $46.45 and its 200 day moving average price is $46.53. Goldman Sachs Access Investment Grade Corporate Bond ETF has a twelve month low of $43.96 and a twelve month high of $47.16.

Goldman Sachs Access Investment Grade Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were given a dividend of $0.1599 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.2%.

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.