Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Short Interest Update

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 6,885 shares, a drop of 45.9% from the November 30th total of 12,722 shares. Based on an average trading volume of 7,473 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.3% of the company’s shares are short sold. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 7,473 shares, the days-to-cover ratio is presently 0.9 days.

Goldman Sachs Hedge Industry VIP ETF Stock Performance

NYSEARCA:GVIP opened at $156.68 on Friday. Goldman Sachs Hedge Industry VIP ETF has a fifty-two week low of $100.33 and a fifty-two week high of $161.71. The company has a 50 day simple moving average of $153.17 and a two-hundred day simple moving average of $146.68. The company has a market capitalization of $423.04 million, a PE ratio of 28.77 and a beta of 1.06.

Institutional Trading of Goldman Sachs Hedge Industry VIP ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GVIP. Cross Staff Investments Inc grew its stake in Goldman Sachs Hedge Industry VIP ETF by 1.0% in the 3rd quarter. Cross Staff Investments Inc now owns 7,800 shares of the company’s stock valued at $1,195,000 after purchasing an additional 74 shares during the period. Intellectus Partners LLC boosted its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 2.6% in the second quarter. Intellectus Partners LLC now owns 3,919 shares of the company’s stock worth $542,000 after acquiring an additional 100 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Goldman Sachs Hedge Industry VIP ETF by 31.2% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 698 shares of the company’s stock valued at $107,000 after buying an additional 166 shares during the period. Texas Yale Capital Corp. increased its position in shares of Goldman Sachs Hedge Industry VIP ETF by 0.7% in the third quarter. Texas Yale Capital Corp. now owns 46,188 shares of the company’s stock worth $7,079,000 after purchasing an additional 335 shares during the last quarter. Finally, MAI Capital Management bought a new position in shares of Goldman Sachs Hedge Industry VIP ETF in the 1st quarter worth $48,000.

About Goldman Sachs Hedge Industry VIP ETF

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.