Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Short Interest Down 45.9% in December

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totaling 6,885 shares, a decrease of 45.9% from the November 30th total of 12,722 shares. Based on an average daily volume of 7,473 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.3% of the shares of the stock are sold short. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 7,473 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GVIP. Truist Financial Corp grew its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 93.8% in the second quarter. Truist Financial Corp now owns 14,547 shares of the company’s stock worth $2,013,000 after purchasing an additional 7,041 shares during the last quarter. Atria Wealth Solutions Inc. grew its position in shares of Goldman Sachs Hedge Industry VIP ETF by 15.4% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 3,376 shares of the company’s stock worth $467,000 after buying an additional 450 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 35.6% during the second quarter. Osaic Holdings Inc. now owns 20,278 shares of the company’s stock valued at $2,806,000 after buying an additional 5,321 shares during the period. Cross Staff Investments Inc increased its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 7.1% during the second quarter. Cross Staff Investments Inc now owns 7,726 shares of the company’s stock valued at $1,069,000 after buying an additional 515 shares during the period. Finally, Keybank National Association OH bought a new position in shares of Goldman Sachs Hedge Industry VIP ETF during the second quarter valued at approximately $231,000.

Goldman Sachs Hedge Industry VIP ETF Stock Down 0.1%

Shares of NYSEARCA GVIP traded down $0.14 during trading hours on Monday, reaching $156.54. 15,954 shares of the stock traded hands, compared to its average volume of 9,639. The company’s 50-day simple moving average is $153.17 and its two-hundred day simple moving average is $146.87. The company has a market capitalization of $422.66 million, a P/E ratio of 28.77 and a beta of 1.06. Goldman Sachs Hedge Industry VIP ETF has a 52-week low of $100.33 and a 52-week high of $161.71.

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.