Short Interest in Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Grows By 415.6%

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 50,617 shares, a growth of 415.6% from the June 30th total of 9,818 shares. Based on an average daily volume of 67,904 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the shares of the company are sold short.

Goldman Sachs Access Investment Grade Corporate Bond ETF Price Performance

Shares of NYSEARCA GIGB remained flat at $44.94 during trading hours on Monday. The company had a trading volume of 44,739 shares, compared to its average volume of 96,310. Goldman Sachs Access Investment Grade Corporate Bond ETF has a 1 year low of $44.90 and a 1 year high of $47.16. The business’s fifty day simple moving average is $45.62 and its 200-day simple moving average is $45.97.

Institutional Investors Weigh In On Goldman Sachs Access Investment Grade Corporate Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GIGB. Geneos Wealth Management Inc. purchased a new position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF during the second quarter worth approximately $28,000. Hantz Financial Services Inc. purchased a new stake in Goldman Sachs Access Investment Grade Corporate Bond ETF in the 4th quarter valued at $30,000. Parallel Advisors LLC raised its position in Goldman Sachs Access Investment Grade Corporate Bond ETF by 4,307.3% in the 1st quarter. Parallel Advisors LLC now owns 1,807 shares of the company’s stock valued at $83,000 after purchasing an additional 1,766 shares during the last quarter. Western Wealth Management LLC acquired a new stake in Goldman Sachs Access Investment Grade Corporate Bond ETF during the 1st quarter worth $96,000. Finally, Cornerstone Planning Group LLC acquired a new stake in Goldman Sachs Access Investment Grade Corporate Bond ETF during the 1st quarter worth $100,000.

About Goldman Sachs Access Investment Grade Corporate Bond ETF

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.