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

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 30,333 shares, a growth of 72.0% from the April 15th total of 17,633 shares. Based on an average daily volume of 8,141 shares, the days-to-cover ratio is currently 3.7 days. Currently, 1.0% of the shares of the company are short sold.

Institutional Trading of Goldman Sachs Hedge Industry VIP ETF

Hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. increased its holdings in shares of 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 worth $5,760,000 after buying an additional 38,487 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Goldman Sachs Hedge Industry VIP ETF by 4,855.6% during 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 during the last quarter. Commonwealth Equity Services LLC bought a new position in Goldman Sachs Hedge Industry VIP ETF during the 4th quarter valued at about $4,830,000. Bank of America Corp DE grew its holdings in Goldman Sachs Hedge Industry VIP ETF by 7.1% during the 1st quarter. Bank of America Corp DE now owns 173,420 shares of the company’s stock valued at $25,272,000 after purchasing an additional 11,505 shares during the last quarter. Finally, Royal Harbor Partners LLC bought a new position in Goldman Sachs Hedge Industry VIP ETF during the 4th quarter valued at about $1,765,000.

Goldman Sachs Hedge Industry VIP ETF Stock Performance

Shares of Goldman Sachs Hedge Industry VIP ETF stock traded down $0.35 on Tuesday, hitting $169.92. 7,325 shares of the company’s stock were exchanged, compared to its average volume of 13,394. The stock has a market capitalization of $509.76 million, a PE ratio of 28.77 and a beta of 1.08. Goldman Sachs Hedge Industry VIP ETF has a 1 year low of $127.31 and a 1 year high of $177.27. The company has a 50-day simple moving average of $158.38 and a 200-day simple moving average of $156.55.

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.