Short Interest in Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Grows By 100.4%

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 26,000 shares, a growth of 100.4% from the May 31st total of 12,974 shares. Based on an average trading volume of 58,509 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Goldman Sachs Access Investment Grade Corporate Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of GIGB. Goldman Sachs Group Inc. boosted its position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 45.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,344,399 shares of the company’s stock valued at $154,678,000 after acquiring an additional 1,050,239 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Goldman Sachs Access Investment Grade Corporate Bond ETF by 67,050.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,274,925 shares of the company’s stock worth $151,465,000 after purchasing an additional 3,270,048 shares during the period. LPL Financial LLC boosted its holdings in Goldman Sachs Access Investment Grade Corporate Bond ETF by 4.3% during the fourth quarter. LPL Financial LLC now owns 1,888,656 shares of the company’s stock valued at $87,350,000 after purchasing an additional 77,734 shares in the last quarter. Valpey Financial Services LLC boosted its holdings in Goldman Sachs Access Investment Grade Corporate Bond ETF by 4,851.0% during the fourth quarter. Valpey Financial Services LLC now owns 472,577 shares of the company’s stock valued at $21,857,000 after purchasing an additional 463,032 shares in the last quarter. Finally, Manning & Napier Advisors LLC grew its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 2.0% in the 1st quarter. Manning & Napier Advisors LLC now owns 297,071 shares of the company’s stock valued at $13,606,000 after purchasing an additional 5,702 shares during the period.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Performance

Shares of GIGB traded down $0.21 on Tuesday, reaching $45.91. 95,463 shares of the stock traded hands, compared to its average volume of 101,925. Goldman Sachs Access Investment Grade Corporate Bond ETF has a 12 month low of $45.14 and a 12 month high of $47.16. The stock’s 50-day moving average price is $45.81 and its 200-day moving average price is $46.11.

About Goldman Sachs Access Investment Grade Corporate Bond ETF

The Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a broad-maturity, USD-denominated, investment-grade corporate bond index selected by operating margin and leverage. GIGB was launched on Jun 6, 2017 and is managed by Goldman Sachs.