Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Sees Large Drop in Short Interest

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) was the recipient of a significant drop in short interest in March. As of March 13th, there was short interest totaling 248 shares, a drop of 97.3% from the February 26th total of 9,108 shares. Based on an average daily trading volume, of 62,080 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 62,080 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of Goldman Sachs Access Investment Grade Corporate Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 45.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,344,399 shares of the company’s stock worth $154,678,000 after purchasing an additional 1,050,239 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 67,050.4% during 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 buying an additional 3,270,048 shares during the last quarter. LPL Financial LLC boosted its position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 4.3% during the fourth quarter. LPL Financial LLC now owns 1,888,656 shares of the company’s stock valued at $87,350,000 after buying an additional 77,734 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Goldman Sachs Access Investment Grade Corporate Bond ETF by 5.5% during the third quarter. Envestnet Asset Management Inc. now owns 942,221 shares of the company’s stock worth $43,992,000 after buying an additional 48,927 shares in the last quarter. Finally, Valpey Financial Services LLC grew its holdings in Goldman Sachs Access Investment Grade Corporate Bond ETF by 4,851.0% during the fourth quarter. Valpey Financial Services LLC now owns 472,577 shares of the company’s stock worth $21,857,000 after buying an additional 463,032 shares in the last quarter.

Goldman Sachs Access Investment Grade Corporate Bond ETF Trading Down 0.2%

Shares of NYSEARCA:GIGB traded down $0.09 during midday trading on Tuesday, hitting $45.58. 70,933 shares of the company’s stock were exchanged, compared to its average volume of 110,952. The stock has a 50 day moving average price of $46.36 and a 200-day moving average price of $46.51. Goldman Sachs Access Investment Grade Corporate Bond ETF has a 12 month low of $43.96 and a 12 month high of $47.16.

Goldman Sachs Access Investment Grade Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.1599 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.2%.

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.