Short Interest in Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Grows By 100.4%

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 26,000 shares, a growth of 100.4% from the May 31st total of 12,974 shares. Based on an average trading volume of 58,509 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Goldman Sachs Access Investment Grade Corporate Bond ETF

Several institutional investors have recently added to or reduced their stakes in the company. Sowell Financial Services LLC grew its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 144.8% during the fourth quarter. Sowell Financial Services LLC now owns 51,172 shares of the company’s stock worth $2,367,000 after buying an additional 30,269 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 67,050.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,274,925 shares of the company’s stock valued at $151,465,000 after acquiring an additional 3,270,048 shares during the last quarter. Capital Financial Group Inc. Co. ADV bought a new position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $3,894,000. Manning & Napier Advisors LLC boosted its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 17.3% in the 4th quarter. Manning & Napier Advisors LLC now owns 291,369 shares of the company’s stock worth $13,574,000 after acquiring an additional 43,060 shares in the last quarter. Finally, Corient Private Wealth LLC acquired a new position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the 4th quarter worth approximately $2,880,000.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Down 0.5%

Shares of NYSEARCA GIGB traded down $0.21 during midday trading on Tuesday, reaching $45.91. 95,463 shares of the company traded hands, compared to its average volume of 101,925. The stock’s 50-day simple moving average is $45.81 and its 200-day simple moving average is $46.11. Goldman Sachs Access Investment Grade Corporate Bond ETF has a 12 month low of $45.14 and a 12 month high of $47.16.

Goldman Sachs Access Investment Grade Corporate Bond ETF Company Profile

The Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a broad-maturity, USD-denominated, investment-grade corporate bond index selected by operating margin and leverage. GIGB was launched on Jun 6, 2017 and is managed by Goldman Sachs.