Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP – Get Free Report) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 38,392 shares, a growth of 131.0% from the June 15th total of 16,623 shares. Based on an average daily volume of 12,849 shares, the short-interest ratio is currently 3.0 days. Approximately 1.2% of the company’s shares are short sold.
Hedge Funds Weigh In On Goldman Sachs Hedge Industry VIP ETF
A number of large investors have recently bought and sold shares of GVIP. Farther Finance Advisors LLC bought a new position in shares of Goldman Sachs Hedge Industry VIP ETF in the fourth quarter worth approximately $853,000. Northwestern Mutual Wealth Management Co. raised its holdings in Goldman Sachs Hedge Industry VIP ETF by 4,855.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 34,590 shares of the company’s stock valued at $5,358,000 after buying an additional 33,892 shares during the last quarter. Truist Financial Corp boosted its position in Goldman Sachs Hedge Industry VIP ETF by 28.2% during the 4th quarter. Truist Financial Corp now owns 23,566 shares of the company’s stock valued at $3,650,000 after buying an additional 5,184 shares during the period. Commonwealth Equity Services LLC purchased a new stake in Goldman Sachs Hedge Industry VIP ETF during the 4th quarter valued at $4,830,000. Finally, Royal Harbor Partners LLC bought a new stake in Goldman Sachs Hedge Industry VIP ETF in the 4th quarter worth $1,765,000.
Goldman Sachs Hedge Industry VIP ETF Stock Performance
NYSEARCA:GVIP traded up $2.16 during trading hours on Tuesday, reaching $179.42. The company’s stock had a trading volume of 21,959 shares, compared to its average volume of 12,935. The firm has a market capitalization of $574.14 million, a price-to-earnings ratio of 28.77 and a beta of 1.08. The firm has a 50-day simple moving average of $178.41 and a 200-day simple moving average of $164.16. Goldman Sachs Hedge Industry VIP ETF has a 1 year low of $137.70 and a 1 year high of $192.13.
About Goldman Sachs Hedge Industry VIP ETF
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.
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