Short Interest in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) Expands By 875.3%

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 237,086 shares, an increase of 875.3% from the December 31st total of 24,309 shares. Based on an average daily trading volume, of 32,093 shares, the days-to-cover ratio is currently 7.4 days. Approximately 3.9% of the shares of the stock are short sold. Approximately 3.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 32,093 shares, the days-to-cover ratio is currently 7.4 days.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Trading Down 0.2%

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF stock traded down $0.15 during midday trading on Thursday, reaching $63.46. The company’s stock had a trading volume of 38,147 shares, compared to its average volume of 28,045. The stock has a market cap of $387.11 million, a PE ratio of 35.28 and a beta of 1.17. Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF has a 52 week low of $43.64 and a 52 week high of $66.12. The business has a 50-day moving average price of $63.61 and a 200-day moving average price of $62.52.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Syntegra Private Wealth Group LLC bought a new stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF during the 2nd quarter worth $224,000. Envestnet Asset Management Inc. increased its stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 1.3% in the second quarter. Envestnet Asset Management Inc. now owns 262,300 shares of the company’s stock valued at $15,204,000 after buying an additional 3,397 shares during the period. Osaic Holdings Inc. raised 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 valued at $172,000 after buying an additional 457 shares during the last quarter. Private Trust Co. NA boosted its position in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 1,539.6% during the 3rd quarter. Private Trust Co. NA now owns 5,755 shares of the company’s stock worth $364,000 after buying an additional 5,404 shares during the period. Finally, Sowell Financial Services LLC boosted its position in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 114.4% during the 3rd quarter. Sowell Financial Services LLC now owns 35,177 shares of the company’s stock worth $2,226,000 after buying an additional 18,772 shares during the period.

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.