Short Interest in Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) Increases By 233.5%

Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 3,192 shares, an increase of 233.5% from the May 31st total of 957 shares. Based on an average trading volume of 2,811 shares, the short-interest ratio is currently 1.1 days. Currently, 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Goldman Sachs Innovate Equity ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. bought a new position in Goldman Sachs Innovate Equity ETF in the 4th quarter valued at approximately $1,347,000. Farther Finance Advisors LLC grew its stake in shares of Goldman Sachs Innovate Equity ETF by 4.2% during the fourth quarter. Farther Finance Advisors LLC now owns 7,139 shares of the company’s stock worth $522,000 after buying an additional 290 shares during the last quarter. Highland Financial Advisors LLC grew its stake in shares of Goldman Sachs Innovate Equity ETF by 0.9% during the fourth quarter. Highland Financial Advisors LLC now owns 237,558 shares of the company’s stock worth $17,366,000 after buying an additional 2,078 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Goldman Sachs Innovate Equity ETF by 2.7% during the third quarter. Bank of America Corp DE now owns 36,252 shares of the company’s stock worth $2,677,000 after buying an additional 959 shares in the last quarter. Finally, Citadel Advisors LLC increased its holdings in shares of Goldman Sachs Innovate Equity ETF by 280.2% during the third quarter. Citadel Advisors LLC now owns 23,692 shares of the company’s stock worth $1,749,000 after buying an additional 17,461 shares in the last quarter.

Goldman Sachs Innovate Equity ETF Trading Up 1.2%

NYSEARCA GINN traded up $0.96 during trading on Monday, hitting $78.25. 764 shares of the company’s stock were exchanged, compared to its average volume of 4,735. The company has a market cap of $219.10 million, a PE ratio of 23.29 and a beta of 1.15. Goldman Sachs Innovate Equity ETF has a fifty-two week low of $65.63 and a fifty-two week high of $80.98. The stock’s 50 day moving average price is $77.03 and its two-hundred day moving average price is $74.21.

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.