Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Stock Short Interest Jumps 129.6%

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 59,196 shares, a growth of 129.6% from the August 31st total of 25,784 shares. Based on an average daily trading volume, of 28,252 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Paul R. Ried Financial Group LLC raised its holdings in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 2.9% during the second quarter. Paul R. Ried Financial Group LLC now owns 191,659 shares of the company’s stock valued at $17,491,000 after buying an additional 5,362 shares during the last quarter. IFP Advisors Inc raised its stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 2.4% during the 2nd quarter. IFP Advisors Inc now owns 174,206 shares of the company’s stock valued at $15,898,000 after acquiring an additional 4,041 shares in the last quarter. Verus Capital Partners LLC boosted its position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 6.5% during the 1st quarter. Verus Capital Partners LLC now owns 176,089 shares of the company’s stock worth $13,127,000 after acquiring an additional 10,811 shares during the period. Cetera Investment Advisers grew its stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 3.4% in the first quarter. Cetera Investment Advisers now owns 140,009 shares of the company’s stock worth $10,437,000 after purchasing an additional 4,637 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 5.5% in the first quarter. Royal Bank of Canada now owns 91,755 shares of the company’s stock worth $6,841,000 after purchasing an additional 4,819 shares in the last quarter.

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

Shares of NYSEARCA:GSSC traded down $0.31 during trading on Monday, reaching $86.56. 24,074 shares of the company’s stock traded hands, compared to its average volume of 42,377. The stock has a market capitalization of $1.05 billion, a P/E ratio of 15.78 and a beta of 1.04. Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF has a 12 month low of $70.21 and a 12 month high of $92.84. The company has a 50 day moving average of $89.86 and a 200-day moving average of $85.58.

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.