Short Interest in Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (NYSEARCA:GSIG) Decreases By 75.8%

Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (NYSEARCA:GSIG) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 252 shares, a decline of 75.8% from the April 30th total of 1,042 shares. Based on an average daily volume of 935 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF Stock Performance

GSIG stock traded up $0.01 during trading on Friday, hitting $47.37. The stock had a trading volume of 104 shares, compared to its average volume of 1,392. The company’s 50 day moving average price is $47.36 and its two-hundred day moving average price is $47.59. Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF has a 1-year low of $46.99 and a 1-year high of $48.11. The stock has a market cap of $9.47 million, a price-to-earnings ratio of 48.34 and a beta of 0.13.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC raised its stake in Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF by 16.3% in the 1st quarter. Sanctuary Advisors LLC now owns 8,149 shares of the company’s stock valued at $386,000 after purchasing an additional 1,140 shares during the last quarter. Susquehanna International Group LLP acquired a new position in Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF in the 3rd quarter valued at about $432,000. Flow Traders U.S. LLC acquired a new position in Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF in the 3rd quarter valued at about $834,000. Finally, Citadel Advisors LLC raised its stake in Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF by 30.6% in the 3rd quarter. Citadel Advisors LLC now owns 19,890 shares of the company’s stock valued at $952,000 after purchasing an additional 4,664 shares during the last quarter. Institutional investors and hedge funds own 77.18% of the company’s stock.

Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF Company Profile

The Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an market-value weighted index of fundamentally-selected US investment-grade corporate bonds, maturing between one to five years. GSIG was launched on Jul 7, 2020 and is managed by Goldman Sachs.