Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Sees Large Decrease in Short Interest

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 17,455 shares, a decline of 65.5% from the July 15th total of 50,617 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 37,981 shares, the short-interest ratio is presently 0.5 days.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Performance

Shares of NYSEARCA:GIGB traded down $0.16 during trading on Friday, reaching $44.92. 35,300 shares of the company traded hands, compared to its average volume of 91,349. Goldman Sachs Access Investment Grade Corporate Bond ETF has a 52 week low of $44.85 and a 52 week high of $47.16. The company’s 50 day moving average is $45.43 and its two-hundred day moving average is $45.84.

Institutional Trading of Goldman Sachs Access Investment Grade Corporate Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in GIGB. Northwestern Mutual Wealth Management Co. increased its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 67,050.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,274,925 shares of the company’s stock valued at $151,465,000 after acquiring an additional 3,270,048 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 45.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,344,399 shares of the company’s stock valued at $154,678,000 after purchasing an additional 1,050,239 shares during the last quarter. Valpey Financial Services LLC increased its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 4,851.0% in the 4th quarter. Valpey Financial Services LLC now owns 472,577 shares of the company’s stock valued at $21,857,000 after purchasing an additional 463,032 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF during the 4th quarter worth $8,432,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 135.2% during the 4th quarter. Wells Fargo & Company MN now owns 200,725 shares of the company’s stock worth $9,284,000 after buying an additional 115,394 shares in the last quarter.

About Goldman Sachs Access Investment Grade Corporate Bond ETF

The Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a broad-maturity, USD-denominated, investment-grade corporate bond index selected by operating margin and leverage. GIGB was launched on Jun 6, 2017 and is managed by Goldman Sachs.