Goldman Sachs Ultra Short Bond ETF (BATS:GSST) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Goldman Sachs Ultra Short Bond ETF (BATS:GSST)’s stock price passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $50.44 and traded as high as $50.46. Goldman Sachs Ultra Short Bond ETF shares last traded at $50.45, with a volume of 192,082 shares changing hands.

Goldman Sachs Ultra Short Bond ETF Stock Performance

The stock has a 50-day moving average of $50.43 and a 200 day moving average of $50.50.

Hedge Funds Weigh In On Goldman Sachs Ultra Short Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of GSST. Kensington Asset Management LLC raised its holdings in shares of Goldman Sachs Ultra Short Bond ETF by 15.6% in the first quarter. Kensington Asset Management LLC now owns 819,238 shares of the company’s stock valued at $41,412,000 after buying an additional 110,264 shares during the last quarter. Proficio Capital Partners LLC increased its position in Goldman Sachs Ultra Short Bond ETF by 10,383.9% in the 2nd quarter. Proficio Capital Partners LLC now owns 465,485 shares of the company’s stock valued at $23,542,000 after acquiring an additional 461,045 shares in the last quarter. Sowell Financial Services LLC increased its position in Goldman Sachs Ultra Short Bond ETF by 3,777.3% in the 3rd quarter. Sowell Financial Services LLC now owns 347,405 shares of the company’s stock valued at $17,530,000 after acquiring an additional 338,445 shares in the last quarter. Andrews Advisory Associates LLC increased its position in Goldman Sachs Ultra Short Bond ETF by 4.3% in the 3rd quarter. Andrews Advisory Associates LLC now owns 329,968 shares of the company’s stock valued at $16,650,000 after acquiring an additional 13,742 shares in the last quarter. Finally, FreeGulliver LLC raised its stake in shares of Goldman Sachs Ultra Short Bond ETF by 406.5% in the first quarter. FreeGulliver LLC now owns 299,608 shares of the company’s stock worth $15,145,000 after acquiring an additional 240,450 shares during the last quarter.

Goldman Sachs Ultra Short Bond ETF Company Profile

The Goldman Sachs Access Ultra Short Bond ETF (GSST) is an exchange-traded fund that is based on the FTSE 3 Month T-Bill index. The fund is an actively-managed ETF that seeks to provide current income with preservation of capital by investing in a broad range of USD-denominated ultra-short-term bonds. GSST was launched on Apr 15, 2019 and is managed by Goldman Sachs.