Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS – Get Free Report) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 10,708 shares, a decrease of 38.3% from the May 14th total of 17,347 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 13,618 shares, the days-to-cover ratio is presently 0.8 days.
Institutional Trading of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF
A number of hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its position in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 172.9% in the first quarter. NewEdge Advisors LLC now owns 33,808 shares of the company’s stock worth $1,960,000 after purchasing an additional 21,418 shares in the last quarter. Keebeck Wealth Management lifted its position in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 15.2% in the first quarter. Keebeck Wealth Management now owns 55,203 shares of the company’s stock worth $3,201,000 after purchasing an additional 7,292 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 5.7% in the first quarter. Cetera Investment Advisers now owns 134,681 shares of the company’s stock worth $7,809,000 after purchasing an additional 7,235 shares in the last quarter. Cornerstone Planning Group LLC purchased a new stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF in the first quarter worth approximately $75,000. Finally, Bank of New York Mellon Corp increased its holdings in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 19.1% in the first quarter. Bank of New York Mellon Corp now owns 17,419 shares of the company’s stock worth $1,010,000 after buying an additional 2,796 shares during the last quarter.
Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Stock Performance
Shares of NYSEARCA GGUS traded down $0.37 during mid-day trading on Wednesday, reaching $67.31. The company had a trading volume of 3,050 shares, compared to its average volume of 26,364. The stock has a fifty day moving average of $65.34 and a two-hundred day moving average of $63.23. The company has a market capitalization of $444.25 million, a price-to-earnings ratio of 35.28 and a beta of 1.16. Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF has a 12-month low of $55.15 and a 12-month high of $69.46.
About Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF
The Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (GGUS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large- and mid-cap stocks selected from the Russell 1000 Index with the highest growth characteristics based on Russells style methodology. GGUS was launched on Nov 28, 2023 and is issued by Goldman Sachs.
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