Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP – Get Free Report) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 20,526 shares, a drop of 47.5% from the July 15th total of 39,130 shares. Based on an average daily volume of 12,330 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.6% of the company’s shares are sold short.
Institutional Investors Weigh In On Goldman Sachs Hedge Industry VIP ETF
Several large investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC grew its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 1.3% in the 4th quarter. HighTower Advisors LLC now owns 5,373 shares of the company’s stock worth $832,000 after acquiring an additional 67 shares in the last quarter. Summit Financial LLC lifted its position in shares of Goldman Sachs Hedge Industry VIP ETF by 0.7% during the fourth quarter. Summit Financial LLC now owns 10,352 shares of the company’s stock valued at $1,603,000 after purchasing an additional 70 shares in the last quarter. Mariner LLC lifted its position in shares of Goldman Sachs Hedge Industry VIP ETF by 4.7% during 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. Northwestern Mutual Wealth Management Co. boosted its holdings in Goldman Sachs Hedge Industry VIP ETF by 31.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 698 shares of the company’s stock worth $107,000 after purchasing an additional 166 shares during the last quarter. Finally, Hudson Value Partners LLC boosted its holdings in Goldman Sachs Hedge Industry VIP ETF by 1.5% during the fourth quarter. Hudson Value Partners LLC now owns 15,632 shares of the company’s stock worth $2,422,000 after purchasing an additional 231 shares during the last quarter.
Goldman Sachs Hedge Industry VIP ETF Stock Up 0.4%
GVIP traded up $0.66 during midday trading on Monday, hitting $178.52. 3,544 shares of the company were exchanged, compared to its average volume of 12,565. The firm’s 50 day moving average price is $177.26 and its 200-day moving average price is $166.74. Goldman Sachs Hedge Industry VIP ETF has a 1-year low of $138.35 and a 1-year high of $192.13. The firm has a market capitalization of $589.12 million, a P/E ratio of 28.77 and a beta of 1.09.
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.
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