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

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) was the recipient of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 5,751 shares, a decline of 95.6% from the October 15th total of 130,182 shares. Based on an average daily volume of 69,704 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Trading of Goldman Sachs Access Investment Grade Corporate Bond ETF

Hedge funds have recently bought and sold shares of the company. Rogco LP bought a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF during the second quarter valued at approximately $73,000. Parallel Advisors LLC raised its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 4,307.3% during the first quarter. Parallel Advisors LLC now owns 1,807 shares of the company’s stock worth $83,000 after acquiring an additional 1,766 shares in the last quarter. Western Wealth Management LLC bought a new stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the 1st quarter worth approximately $96,000. Cornerstone Planning Group LLC bought a new stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the 1st quarter worth approximately $100,000. Finally, Ashton Thomas Private Wealth LLC lifted its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 23.6% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 4,992 shares of the company’s stock worth $217,000 after acquiring an additional 954 shares during the last quarter.

Goldman Sachs Access Investment Grade Corporate Bond ETF Price Performance

Shares of GIGB traded down $0.33 during midday trading on Tuesday, reaching $44.06. The stock had a trading volume of 143,229 shares, compared to its average volume of 93,662. The company’s 50-day moving average is $44.06 and its 200 day moving average is $45.34. Goldman Sachs Access Investment Grade Corporate Bond ETF has a 12-month low of $43.15 and a 12-month high of $46.91.

Goldman Sachs Access Investment Grade Corporate Bond ETF Company Profile

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.