Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Sees Significant Decrease in Short Interest

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 6,892 shares, a decrease of 37.6% from the February 12th total of 11,043 shares. Based on an average daily volume of 12,248 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 12,248 shares, the short-interest ratio is currently 0.6 days.

Goldman Sachs Hedge Industry VIP ETF Stock Down 0.0%

NYSEARCA GVIP traded down $0.07 during midday trading on Friday, hitting $147.55. The company had a trading volume of 4,569 shares, compared to its average volume of 12,995. The firm has a fifty day simple moving average of $156.93 and a two-hundred day simple moving average of $153.91. Goldman Sachs Hedge Industry VIP ETF has a fifty-two week low of $100.33 and a fifty-two week high of $163.41. The stock has a market cap of $427.90 million, a price-to-earnings ratio of 28.77 and a beta of 1.06.

Hedge Funds Weigh In On Goldman Sachs Hedge Industry VIP ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Harbor Partners LLC acquired a new position in Goldman Sachs Hedge Industry VIP ETF in the 4th quarter valued at approximately $1,765,000. Cetera Investment Advisers acquired a new stake in shares of Goldman Sachs Hedge Industry VIP ETF during the 4th quarter worth approximately $374,000. Osaic Holdings Inc. increased its position in shares of Goldman Sachs Hedge Industry VIP ETF by 6.1% during the fourth quarter. Osaic Holdings Inc. now owns 27,327 shares of the company’s stock valued at $4,233,000 after purchasing an additional 1,562 shares during the period. MML Investors Services LLC increased its position in shares of Goldman Sachs Hedge Industry VIP ETF by 13.5% during the fourth quarter. MML Investors Services LLC now owns 4,154 shares of the company’s stock valued at $643,000 after purchasing an additional 493 shares during the period. Finally, Mariner LLC raised its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 4.7% in the fourth quarter. Mariner LLC now owns 2,066 shares of the company’s stock valued at $320,000 after purchasing an additional 92 shares in the last quarter.

Goldman Sachs Hedge Industry VIP ETF Company Profile

The Goldman Sachs Hedge Industry VIP ETF (GVIP) is an exchange-traded fund that is based on the Goldman Sachs Hedge Fund VIP index. The fund tracks an equal-weighted index of the 50 most-frequently held US companies selected from the portfolios of hedge funds. GVIP was launched on Nov 1, 2016 and is managed by Goldman Sachs.