Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Sees Significant Increase in Short Interest

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 38,392 shares, a growth of 131.0% from the June 15th total of 16,623 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily volume of 12,849 shares, the days-to-cover ratio is currently 3.0 days.

Institutional Investors Weigh In On Goldman Sachs Hedge Industry VIP ETF

Several institutional investors have recently made changes to their positions in the stock. Main Street Group LTD bought a new stake in Goldman Sachs Hedge Industry VIP ETF during the 1st quarter worth approximately $42,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Goldman Sachs Hedge Industry VIP ETF by 31.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 698 shares of the company’s stock valued at $107,000 after purchasing an additional 166 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of Goldman Sachs Hedge Industry VIP ETF during the 3rd quarter valued at $132,000. Strategic Blueprint LLC purchased a new position in shares of Goldman Sachs Hedge Industry VIP ETF during the 4th quarter valued at $208,000. Finally, StoneX Group Inc. bought a new position in shares of Goldman Sachs Hedge Industry VIP ETF in the second quarter worth $208,000.

Goldman Sachs Hedge Industry VIP ETF Trading Down 2.6%

Shares of NYSEARCA GVIP traded down $4.71 during midday trading on Thursday, hitting $173.83. The company’s stock had a trading volume of 5,477 shares, compared to its average volume of 12,842. The stock has a fifty day moving average price of $178.48 and a 200 day moving average price of $164.32. The firm has a market capitalization of $556.26 million, a price-to-earnings ratio of 28.77 and a beta of 1.08. Goldman Sachs Hedge Industry VIP ETF has a one year low of $137.70 and a one year high of $192.13.

Goldman Sachs Hedge Industry VIP ETF Company Profile

The Goldman Sachs Hedge Industry VIP ETF (GVIP) is an exchange-traded fund that is based on the Goldman Sachs Hedge Fund VIP index. The fund tracks an equal-weighted index of the 50 most-frequently held US companies selected from the portfolios of hedge funds. GVIP was launched on Nov 1, 2016 and is managed by Goldman Sachs.