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

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totaling 5,910 shares, a drop of 27.2% from the March 15th total of 8,113 shares. Based on an average daily trading volume, of 15,457 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.

Goldman Sachs Hedge Industry VIP ETF Stock Performance

Shares of GVIP stock opened at $164.02 on Friday. The stock’s fifty day moving average is $153.17 and its two-hundred day moving average is $154.24. The firm has a market capitalization of $492.06 million, a P/E ratio of 28.77 and a beta of 1.05. Goldman Sachs Hedge Industry VIP ETF has a fifty-two week low of $108.87 and a fifty-two week high of $164.30.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GVIP. Raymond James Financial Inc. lifted its holdings in Goldman Sachs Hedge Industry VIP ETF by 1,226.9% in the 2nd quarter. Raymond James Financial Inc. now owns 41,624 shares of the company’s stock valued at $5,760,000 after purchasing an additional 38,487 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Goldman Sachs Hedge Industry VIP ETF by 4,855.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 34,590 shares of the company’s stock valued at $5,358,000 after purchasing an additional 33,892 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in Goldman Sachs Hedge Industry VIP ETF in the 4th quarter valued at $4,830,000. Royal Harbor Partners LLC purchased a new position in Goldman Sachs Hedge Industry VIP ETF in the 4th quarter valued at $1,765,000. Finally, Private Advisory Group LLC raised its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 39.0% during the 3rd quarter. Private Advisory Group LLC now owns 35,323 shares of the company’s stock worth $5,414,000 after acquiring an additional 9,911 shares during the period.

Goldman Sachs Hedge Industry VIP ETF Company Profile

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.