Short Interest in Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Rises By 131.0%

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

Institutional Investors Weigh In On Goldman Sachs Hedge Industry VIP ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its position in Goldman Sachs Hedge Industry VIP ETF by 7.1% during the 1st quarter. Bank of America Corp DE now owns 173,420 shares of the company’s stock worth $25,272,000 after acquiring an additional 11,505 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Goldman Sachs Hedge Industry VIP ETF by 100.4% in the first quarter. NewEdge Advisors LLC now owns 91,780 shares of the company’s stock worth $13,375,000 after purchasing an additional 45,992 shares in the last quarter. LPL Financial LLC lifted its position in shares of Goldman Sachs Hedge Industry VIP ETF by 6.0% in the fourth quarter. LPL Financial LLC now owns 81,040 shares of the company’s stock worth $12,553,000 after purchasing an additional 4,558 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Goldman Sachs Hedge Industry VIP ETF by 29.8% during the third quarter. Raymond James Financial Inc. now owns 54,028 shares of the company’s stock worth $8,280,000 after purchasing an additional 12,404 shares during the last quarter. Finally, Texas Yale Capital Corp. boosted its holdings in Goldman Sachs Hedge Industry VIP ETF by 3.4% during the fourth quarter. Texas Yale Capital Corp. now owns 47,736 shares of the company’s stock worth $7,394,000 after purchasing an additional 1,548 shares during the last quarter.

Goldman Sachs Hedge Industry VIP ETF Price Performance

Shares of GVIP traded down $0.88 during midday trading on Wednesday, hitting $178.54. The stock had a trading volume of 8,578 shares, compared to its average volume of 12,901. The firm has a market cap of $571.33 million, a price-to-earnings ratio of 28.77 and a beta of 1.08. The company has a 50 day simple moving average of $178.48 and a two-hundred day simple moving average of $164.32. Goldman Sachs Hedge Industry VIP ETF has a twelve month low of $137.70 and a twelve month 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.