Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) Sees Large Decline in Short Interest

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) saw a significant decrease in short interest in August. As of August 14th, there was short interest totaling 27,507 shares, a decrease of 38.4% from the July 30th total of 44,684 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 32,873 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF

Large investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF in the fourth quarter valued at about $56,000. Cornerstone Planning Group LLC purchased a new position in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF in the 1st quarter valued at about $75,000. Transamerica Financial Advisors LLC boosted its holdings in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 25.7% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,441 shares of the company’s stock worth $92,000 after buying an additional 295 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 18.1% in the 2nd quarter. Osaic Holdings Inc. now owns 2,975 shares of the company’s stock worth $172,000 after buying an additional 457 shares during the last quarter. Finally, World Investment Advisors purchased a new stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF during the 4th quarter worth approximately $304,000.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Stock Down 1.5%

Shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF stock traded down $1.01 on Tuesday, reaching $65.81. The company’s stock had a trading volume of 9,256 shares, compared to its average volume of 24,640. The company has a market capitalization of $440.93 million, a P/E ratio of 35.28 and a beta of 1.18. The stock has a 50-day moving average price of $66.32 and a 200-day moving average price of $64.31. Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF has a 52-week low of $55.70 and a 52-week high of $69.46.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Company Profile

The Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (GGUS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large- and mid-cap stocks selected from the Russell 1000 Index with the highest growth characteristics based on Russells style methodology. GGUS was launched on Nov 28, 2023 and is issued by Goldman Sachs.