Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Sees Significant Increase in Short Interest

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 25,784 shares, a growth of 110.0% from the August 15th total of 12,280 shares. Based on an average trading volume of 40,668 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the company’s stock are sold short.

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF Trading Down 0.0%

Shares of GSSC stock traded down $0.01 on Monday, reaching $88.46. 18,654 shares of the stock were exchanged, compared to its average volume of 42,772. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 15.78 and a beta of 1.04. The business’s 50 day moving average price is $90.40 and its 200 day moving average price is $84.93. Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF has a twelve month low of $70.21 and a twelve month high of $92.84.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp purchased a new stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the first quarter worth approximately $28,000. Northwestern Mutual Wealth Management Co. raised its holdings in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 850.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 399 shares of the company’s stock worth $30,000 after purchasing an additional 357 shares in the last quarter. Cornerstone Planning Group LLC purchased a new stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the 1st quarter worth approximately $47,000. Western Wealth Management LLC purchased a new stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the 1st quarter worth approximately $47,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the 1st quarter valued at $204,000.

About Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

The Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (GSSC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks. The index equally weights four factor-based sub-indices: value, momentum, quality, and low volatility. GSSC was launched on Jun 28, 2017 and is managed by Goldman Sachs.