Goldman Sachs Access High Yield Corporate Bond ETF (NYSEARCA:GHYB) Sees Significant Decline in Short Interest

Goldman Sachs Access High Yield Corporate Bond ETF (NYSEARCA:GHYB) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 7,277 shares, a drop of 37.2% from the April 30th total of 11,584 shares. Based on an average trading volume of 12,693 shares, the short-interest ratio is currently 0.6 days. Approximately 0.3% of the shares of the company are sold short.

Goldman Sachs Access High Yield Corporate Bond ETF Trading Up 0.2%

GHYB opened at $44.79 on Wednesday. Goldman Sachs Access High Yield Corporate Bond ETF has a 1-year low of $44.01 and a 1-year high of $45.91. The firm’s 50 day simple moving average is $44.75 and its two-hundred day simple moving average is $45.13.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its position in Goldman Sachs Access High Yield Corporate Bond ETF by 400.0% in the third quarter. PNC Financial Services Group Inc. now owns 1,000 shares of the company’s stock worth $46,000 after acquiring an additional 800 shares during the period. Claris Financial LLC purchased a new stake in shares of Goldman Sachs Access High Yield Corporate Bond ETF in the fourth quarter worth $205,000. Osaic Holdings Inc. increased its stake in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 25.8% in the fourth quarter. Osaic Holdings Inc. now owns 7,992 shares of the company’s stock worth $362,000 after purchasing an additional 1,641 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 21,221.1% in the second quarter. JPMorgan Chase & Co. now owns 8,102 shares of the company’s stock worth $368,000 after purchasing an additional 8,064 shares in the last quarter. Finally, Smithbridge Asset Management Inc. DE increased its stake in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 4.0% in the fourth quarter. Smithbridge Asset Management Inc. DE now owns 16,337 shares of the company’s stock worth $740,000 after purchasing an additional 625 shares in the last quarter.

About Goldman Sachs Access High Yield Corporate Bond ETF

The Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a broad-maturity, USD-denominated, high-yield corporate bond index selected by debt service and leverage. GHYB was launched on Sep 5, 2017 and is managed by Goldman Sachs.