Short Interest in Goldman Sachs Access High Yield Corporate Bond ETF (NYSEARCA:GHYB) Declines By 66.1%

Goldman Sachs Access High Yield Corporate Bond ETF (NYSEARCA:GHYB) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 2,165 shares, a decrease of 66.1% from the August 15th total of 6,378 shares. Based on an average trading volume of 19,203 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of Goldman Sachs Access High Yield Corporate Bond ETF

A number of large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 27.5% in the 1st quarter. Bank of America Corp DE now owns 94,333 shares of the company’s stock valued at $4,205,000 after purchasing an additional 20,352 shares during the period. Sage Rhino Capital LLC acquired a new stake in shares of Goldman Sachs Access High Yield Corporate Bond ETF during the first quarter worth approximately $872,000. NewEdge Advisors LLC grew its position in Goldman Sachs Access High Yield Corporate Bond ETF by 6.9% during the first quarter. NewEdge Advisors LLC now owns 153,513 shares of the company’s stock valued at $6,842,000 after purchasing an additional 9,849 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in Goldman Sachs Access High Yield Corporate Bond ETF by 50.0% during the second quarter. Integrated Wealth Concepts LLC now owns 6,921 shares of the company’s stock valued at $310,000 after purchasing an additional 2,307 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Goldman Sachs Access High Yield Corporate Bond ETF by 44.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,900 shares of the company’s stock valued at $174,000 after buying an additional 1,200 shares during the period.

Goldman Sachs Access High Yield Corporate Bond ETF Stock Performance

Shares of NYSEARCA:GHYB remained flat at $44.04 during trading hours on Monday. 6,402 shares of the stock traded hands, compared to its average volume of 15,579. The company’s 50 day simple moving average is $44.53 and its two-hundred day simple moving average is $44.69. Goldman Sachs Access High Yield Corporate Bond ETF has a one year low of $43.97 and a one year high of $45.91.

Goldman Sachs Access High Yield Corporate Bond ETF Company Profile

The Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a broad-maturity, USD-denominated, high-yield corporate bond index selected by debt service and leverage. GHYB was launched on Sep 5, 2017 and is managed by Goldman Sachs.