Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC – Get Free Report) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 33,824 shares, a drop of 52.7% from the May 14th total of 71,576 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 25,020 shares, the days-to-cover ratio is currently 1.4 days.
Institutional Investors Weigh In On Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of GSSC. Betterment LLC boosted its position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 3.8% in the 3rd quarter. Betterment LLC now owns 791,873 shares of the company’s stock worth $59,303,000 after purchasing an additional 29,206 shares in the last quarter. American National Bank & Trust increased its position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 9.0% during the 4th quarter. American National Bank & Trust now owns 513,530 shares of the company’s stock valued at $38,838,000 after buying an additional 42,212 shares in the last quarter. Vestmark Advisory Solutions Inc. purchased a new position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the third quarter valued at $1,186,000. Stephens Inc. AR raised its stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 114.0% during the fourth quarter. Stephens Inc. AR now owns 60,563 shares of the company’s stock valued at $4,580,000 after buying an additional 32,269 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the third quarter worth $1,186,000.
Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF Stock Up 0.9%
Shares of NYSEARCA:GSSC traded up $0.82 during midday trading on Friday, reaching $88.21. The company’s stock had a trading volume of 27,833 shares, compared to its average volume of 45,684. The firm has a 50 day moving average of $82.94 and a 200-day moving average of $79.33. The firm has a market capitalization of $1.01 billion, a P/E ratio of 15.78 and a beta of 1.05. Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF has a 12-month low of $65.84 and a 12-month high of $88.90.
About Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF
The Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (GSSC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks. The index equally weights four factor-based sub-indices: value, momentum, quality, and low volatility. GSSC was launched on Jun 28, 2017 and is managed by Goldman Sachs.
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