Short Interest in Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Increases By 218.8%

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 21,952 shares, an increase of 218.8% from the December 15th total of 6,885 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 11,135 shares, the short-interest ratio is currently 2.0 days. Based on an average daily trading volume, of 11,135 shares, the short-interest ratio is currently 2.0 days. Approximately 0.8% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 31.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 698 shares of the company’s stock valued at $107,000 after buying an additional 166 shares during the period. JPMorgan Chase & Co. acquired a new position in Goldman Sachs Hedge Industry VIP ETF in the 3rd quarter valued at approximately $132,000. Level Four Advisory Services LLC acquired a new position in Goldman Sachs Hedge Industry VIP ETF in the 2nd quarter valued at approximately $204,000. Investment Partners Asset Management Inc. bought a new stake in shares of Goldman Sachs Hedge Industry VIP ETF in the 3rd quarter worth approximately $205,000. Finally, StoneX Group Inc. acquired a new stake in shares of Goldman Sachs Hedge Industry VIP ETF during the 2nd quarter worth approximately $208,000.

Goldman Sachs Hedge Industry VIP ETF Stock Performance

Shares of GVIP traded down $0.77 during mid-day trading on Tuesday, hitting $158.96. The company’s stock had a trading volume of 5,234 shares, compared to its average volume of 9,321. The stock’s 50-day moving average is $153.86 and its two-hundred day moving average is $148.70. The firm has a market capitalization of $460.99 million, a PE ratio of 28.77 and a beta of 1.06. Goldman Sachs Hedge Industry VIP ETF has a one year low of $100.33 and a one year high of $161.71.

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.