Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) Short Interest Update

Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 353 shares, a decrease of 87.3% from the July 30th total of 2,769 shares. Based on an average daily trading volume, of 2,053 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Goldman Sachs Innovate Equity ETF

Several large investors have recently bought and sold shares of GINN. Northwestern Mutual Wealth Management Co. acquired a new stake in Goldman Sachs Innovate Equity ETF in the fourth quarter valued at $1,347,000. Summa Corp. boosted its position in shares of Goldman Sachs Innovate Equity ETF by 960.7% during the 1st quarter. Summa Corp. now owns 35,533 shares of the company’s stock worth $2,427,000 after acquiring an additional 32,183 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Goldman Sachs Innovate Equity ETF by 33.4% during the 4th quarter. Cetera Investment Advisers now owns 11,194 shares of the company’s stock worth $818,000 after acquiring an additional 2,803 shares in the last quarter. Flow Traders U.S. LLC increased its holdings in shares of Goldman Sachs Innovate Equity ETF by 253.9% in the 3rd quarter. Flow Traders U.S. LLC now owns 21,166 shares of the company’s stock valued at $1,563,000 after acquiring an additional 15,185 shares during the last quarter. Finally, Citadel Advisors LLC increased its holdings in shares of Goldman Sachs Innovate Equity ETF by 280.2% in the 3rd quarter. Citadel Advisors LLC now owns 23,692 shares of the company’s stock valued at $1,749,000 after acquiring an additional 17,461 shares during the last quarter.

Goldman Sachs Innovate Equity ETF Stock Performance

GINN stock traded down $0.51 during mid-day trading on Wednesday, reaching $82.38. The company had a trading volume of 37,195 shares, compared to its average volume of 5,552. The firm has a fifty day simple moving average of $79.48 and a 200 day simple moving average of $75.76. The company has a market capitalization of $214.19 million, a price-to-earnings 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 $82.89.

Goldman Sachs Innovate Equity ETF Company Profile

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.