Short Interest in Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Declines By 16.8%

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 18,254 shares, a decrease of 16.8% from the December 31st total of 21,952 shares. Based on an average daily volume of 9,679 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.6% of the company’s stock are short sold. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 9,679 shares, the days-to-cover ratio is currently 1.9 days.

Goldman Sachs Hedge Industry VIP ETF Stock Up 1.8%

Goldman Sachs Hedge Industry VIP ETF stock traded up $2.89 during trading hours on Monday, hitting $161.79. The stock had a trading volume of 4,527 shares, compared to its average volume of 11,030. The stock has a market capitalization of $469.18 million, a P/E ratio of 28.77 and a beta of 1.06. Goldman Sachs Hedge Industry VIP ETF has a 12-month low of $100.33 and a 12-month high of $162.45. The stock’s 50-day moving average price is $156.22 and its 200-day moving average price is $150.80.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GVIP. Bank of America Corp DE increased its holdings in Goldman Sachs Hedge Industry VIP ETF by 5.1% in the 2nd quarter. Bank of America Corp DE now owns 155,110 shares of the company’s stock worth $21,463,000 after buying an additional 7,474 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 29.8% during the 3rd quarter. Raymond James Financial Inc. now owns 54,028 shares of the company’s stock valued at $8,280,000 after acquiring an additional 12,404 shares during the last quarter. Texas Yale Capital Corp. grew its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 0.7% in the third quarter. Texas Yale Capital Corp. now owns 46,188 shares of the company’s stock worth $7,079,000 after acquiring an additional 335 shares during the period. Private Advisory Group LLC raised its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 8.3% during the fourth quarter. Private Advisory Group LLC now owns 38,258 shares of the company’s stock valued at $5,926,000 after purchasing an additional 2,935 shares during the last quarter. Finally, Great Lakes Retirement Inc. raised its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 7.8% during the second quarter. Great Lakes Retirement Inc. now owns 34,787 shares of the company’s stock valued at $4,814,000 after purchasing an additional 2,520 shares during the last quarter.

About Goldman Sachs Hedge Industry VIP ETF

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.