Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Shares Shorted: Short Interest Up 67.6% in October

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 130,182 shares, a growth of 67.6% from the September 30th total of 77,695 shares. Based on an average trading volume of 185,671 shares, the short-interest ratio is currently 0.7 days. Approximately 0.6% of the company’s stock are short sold.

Institutional Trading of Goldman Sachs Access Investment Grade Corporate Bond ETF

A number of hedge funds have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC increased its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 23.6% during the third quarter. Ashton Thomas Private Wealth LLC now owns 4,992 shares of the company’s stock valued at $217,000 after acquiring an additional 954 shares in the last quarter. Beacon Financial Advisory LLC boosted its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 14.7% in the 2nd quarter. Beacon Financial Advisory LLC now owns 10,541 shares of the company’s stock worth $484,000 after purchasing an additional 1,347 shares in the last quarter. LifePlan Investment Advisors Inc. boosted its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 5.7% in the 2nd quarter. LifePlan Investment Advisors Inc. now owns 27,327 shares of the company’s stock worth $1,255,000 after purchasing an additional 1,475 shares in the last quarter. MGO One Seven LLC boosted its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 2.5% in the 3rd quarter. MGO One Seven LLC now owns 65,319 shares of the company’s stock worth $2,842,000 after purchasing an additional 1,578 shares in the last quarter. Finally, Rogco LP purchased a new stake in Goldman Sachs Access Investment Grade Corporate Bond ETF during the 2nd quarter valued at about $73,000.

Goldman Sachs Access Investment Grade Corporate Bond ETF Price Performance

NYSEARCA:GIGB opened at $44.06 on Tuesday. Goldman Sachs Access Investment Grade Corporate Bond ETF has a one year low of $43.15 and a one year high of $46.91. The company’s 50-day simple moving average is $44.16 and its 200 day simple moving average is $45.41.

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.