Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) Short Interest Update

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 17,347 shares, a drop of 44.7% from the April 30th total of 31,347 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 12,312 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Investors Weigh In On Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GGUS. Osaic Holdings Inc. raised its stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 18.1% during the 2nd quarter. Osaic Holdings Inc. now owns 2,975 shares of the company’s stock worth $172,000 after acquiring an additional 457 shares during the period. Envestnet Asset Management Inc. raised its stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 121.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 579,574 shares of the company’s stock worth $36,683,000 after acquiring an additional 317,274 shares during the period. JPMorgan Chase & Co. bought a new stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF during the 3rd quarter worth approximately $373,000. Vestmark Advisory Solutions Inc. bought a new stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF during the 3rd quarter worth approximately $769,000. Finally, Orion Porfolio Solutions LLC bought a new stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF during the 3rd quarter worth approximately $445,000.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Price Performance

Shares of GGUS traded down $0.15 on Tuesday, reaching $69.13. The company’s stock had a trading volume of 13,618 shares, compared to its average volume of 26,994. The stock has a market capitalization of $456.26 million, a P/E ratio of 35.28 and a beta of 1.14. The stock’s 50 day simple moving average is $63.32 and its two-hundred day simple moving average is $62.88. Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF has a 12-month low of $54.95 and a 12-month high of $69.46.

About Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF

The Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (GGUS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large- and mid-cap stocks selected from the Russell 1000 Index with the highest growth characteristics based on Russells style methodology. GGUS was launched on Nov 28, 2023 and is issued by Goldman Sachs.