Goldman Sachs Access U.S. Aggregate Bond ETF (NYSEARCA:GCOR) Sees Large Decline in Short Interest

Goldman Sachs Access U.S. Aggregate Bond ETF (NYSEARCA:GCOR) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 10,120 shares, a decrease of 53.3% from the February 26th total of 21,658 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 58,087 shares, the days-to-cover ratio is currently 0.2 days.

Goldman Sachs Access U.S. Aggregate Bond ETF Trading Down 0.5%

NYSEARCA:GCOR traded down $0.21 during mid-day trading on Thursday, hitting $41.01. The company had a trading volume of 71,429 shares, compared to its average volume of 75,513. Goldman Sachs Access U.S. Aggregate Bond ETF has a fifty-two week low of $40.08 and a fifty-two week high of $42.22. The business’s fifty day moving average is $41.65 and its two-hundred day moving average is $41.72.

Goldman Sachs Access U.S. Aggregate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were paid a $0.1295 dividend. This is a boost from Goldman Sachs Access U.S. Aggregate Bond ETF’s previous monthly dividend of $0.11. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC increased its stake in Goldman Sachs Access U.S. Aggregate Bond ETF by 20.2% in the first quarter. Jane Street Group LLC now owns 107,189 shares of the company’s stock valued at $4,418,000 after purchasing an additional 17,987 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Goldman Sachs Access U.S. Aggregate Bond ETF during the second quarter worth $924,000. Flow Traders U.S. LLC bought a new position in shares of Goldman Sachs Access U.S. Aggregate Bond ETF during the second quarter worth $1,048,000. NewEdge Advisors LLC grew its holdings in shares of Goldman Sachs Access U.S. Aggregate Bond ETF by 83.8% in the 2nd quarter. NewEdge Advisors LLC now owns 57,156 shares of the company’s stock valued at $2,363,000 after buying an additional 26,065 shares during the period. Finally, Betterment LLC grew its holdings in shares of Goldman Sachs Access U.S. Aggregate Bond ETF by 52.5% in the 2nd quarter. Betterment LLC now owns 909,269 shares of the company’s stock valued at $37,589,000 after buying an additional 312,938 shares during the period.

About Goldman Sachs Access U.S. Aggregate Bond ETF

The Goldman Sachs Access U.S. Aggregate Bond ETF (GCOR) is an exchange-traded fund that is based on the FTSE Goldman Sachs US Broad Bond index. The fund tracks a broad-maturity, USD-denominated, investment-grade taxable bond index which screens securities for fundamental criteria. GCOR was launched on Sep 8, 2020 and is managed by Goldman Sachs.