Short Interest in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Rises By 258.1%

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 71,576 shares, an increase of 258.1% from the April 30th total of 19,989 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 25,864 shares, the days-to-cover ratio is presently 2.8 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GSSC. Fifth Third Bancorp bought a new position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the first quarter worth $28,000. Northwestern Mutual Wealth Management Co. lifted its position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 850.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 399 shares of the company’s stock worth $30,000 after purchasing an additional 357 shares during the period. Optima Capital LLC bought a new position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the fourth quarter worth $35,000. Cornerstone Planning Group LLC bought a new position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the first quarter worth $47,000. Finally, Western Wealth Management LLC bought a new position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the first quarter worth $47,000.

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF Trading Down 0.7%

GSSC stock traded down $0.61 during midday trading on Friday, hitting $86.01. The stock had a trading volume of 19,391 shares, compared to its average volume of 47,237. The firm has a market capitalization of $989.12 million, a price-to-earnings ratio of 15.78 and a beta of 1.06. Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF has a 52 week low of $64.77 and a 52 week high of $86.74. The stock has a 50-day simple moving average of $80.56 and a 200 day simple moving average of $78.37.

About Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

The Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (GSSC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks. The index equally weights four factor-based sub-indices: value, momentum, quality, and low volatility. GSSC was launched on Jun 28, 2017 and is managed by Goldman Sachs.