Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Short Interest Update

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 62,394 shares, an increase of 298.9% from the June 30th total of 15,641 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 36,358 shares, the days-to-cover ratio is presently 1.7 days.

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF Price Performance

Shares of GSSC traded down $0.08 during midday trading on Friday, reaching $88.83. 15,913 shares of the stock were exchanged, compared to its average volume of 43,702. The business’s 50-day moving average price is $87.99 and its 200 day moving average price is $82.13. Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF has a twelve month low of $66.81 and a twelve month high of $92.00. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 15.78 and a beta of 1.04.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GSSC. Fifth Third Bancorp acquired a new position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the first quarter worth approximately $28,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of 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 valued at $30,000 after acquiring an additional 357 shares during the period. Optima Capital LLC acquired a new stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the fourth quarter valued at approximately $35,000. Cornerstone Planning Group LLC purchased a new position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the first quarter worth approximately $47,000. Finally, Western Wealth Management LLC purchased a new position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the first quarter worth approximately $47,000.

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF Company Profile

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.