Short Interest in Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) Grows By 184.1%

Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,128 shares, an increase of 184.1% from the April 30th total of 397 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 3,746 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Goldman Sachs Innovate Equity ETF

Institutional investors have recently bought and sold shares of the company. Cassaday & Co Wealth Management LLC acquired a new position in Goldman Sachs Innovate Equity ETF in the 1st quarter valued at about $127,000. Barclays PLC acquired a new position in Goldman Sachs Innovate Equity ETF in the 4th quarter valued at about $392,000. Farther Finance Advisors LLC grew its position in Goldman Sachs Innovate Equity ETF by 4.2% in the 4th quarter. Farther Finance Advisors LLC now owns 7,139 shares of the company’s stock valued at $522,000 after acquiring an additional 290 shares in the last quarter. LPL Financial LLC grew its position in Goldman Sachs Innovate Equity ETF by 10.5% in the 4th quarter. LPL Financial LLC now owns 7,967 shares of the company’s stock valued at $582,000 after acquiring an additional 757 shares in the last quarter. Finally, Susquehanna International Group LLP grew its position in Goldman Sachs Innovate Equity ETF by 21.0% in the 3rd quarter. Susquehanna International Group LLP now owns 9,128 shares of the company’s stock valued at $674,000 after acquiring an additional 1,585 shares in the last quarter.

Goldman Sachs Innovate Equity ETF Trading Up 0.5%

GINN traded up $0.39 on Friday, hitting $80.03. The company had a trading volume of 833 shares, compared to its average volume of 5,205. The firm has a market cap of $224.08 million, a P/E ratio of 23.29 and a beta of 1.14. Goldman Sachs Innovate Equity ETF has a 1 year low of $62.47 and a 1 year high of $80.24. The company’s fifty day moving average price is $73.66 and its 200 day moving average price is $73.58.

About Goldman Sachs Innovate Equity ETF

The Goldman Sachs Innovate Equity ETF (GINN) is an exchange-traded fund that is based on the Solactive Innovative Global Equity index. The fund selects companies globally, believed to benefit from technological innovation and changes in the economy across five themes: data, finance, human evolution, manufacturing, and shifts with consumers. GINN was launched on Nov 6, 2020 and is managed by Goldman Sachs.