Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) Short Interest Up 224.4% in August

Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,145 shares, an increase of 224.4% from the August 15th total of 353 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 24,097 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Goldman Sachs Innovate Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Goldman Sachs Innovate Equity ETF in the 1st quarter valued at approximately $127,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Goldman Sachs Innovate Equity ETF during the 2nd quarter valued at approximately $157,000. Barclays PLC acquired a new position in Goldman Sachs Innovate Equity ETF in the fourth quarter valued at approximately $392,000. LPL Financial LLC lifted its holdings in Goldman Sachs Innovate Equity ETF by 10.5% in the fourth quarter. LPL Financial LLC now owns 7,967 shares of the company’s stock valued at $582,000 after acquiring an additional 757 shares during the last quarter. Finally, Susquehanna International Group LLP grew its position in Goldman Sachs Innovate Equity ETF by 21.0% in the third quarter. Susquehanna International Group LLP now owns 9,128 shares of the company’s stock worth $674,000 after acquiring an additional 1,585 shares during the period.

Goldman Sachs Innovate Equity ETF Price Performance

Shares of GINN traded up $0.64 during mid-day trading on Friday, reaching $80.81. The stock had a trading volume of 452 shares, compared to its average volume of 5,766. Goldman Sachs Innovate Equity ETF has a 52-week low of $65.63 and a 52-week high of $83.29. The business’s fifty day moving average is $80.53 and its 200 day moving average is $76.57. The firm has a market cap of $210.11 million, a price-to-earnings ratio of 23.29 and a beta of 1.15.

About Goldman Sachs Innovate Equity ETF

The Goldman Sachs Innovate Equity ETF (GINN) is an exchange-traded fund that is based on the Solactive Innovative Global Equity index. The fund selects companies globally, believed to benefit from technological innovation and changes in the economy across five themes: data, finance, human evolution, manufacturing, and shifts with consumers. GINN was launched on Nov 6, 2020 and is managed by Goldman Sachs.