Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Short Interest Update

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 43,752 shares, a growth of 107.3% from the December 31st total of 21,107 shares. Based on an average trading volume of 108,566 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 108,566 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Goldman Sachs Access Investment Grade Corporate Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Comerica Bank bought a new position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the first quarter valued at approximately $101,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 100.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,371 shares of the company’s stock worth $520,000 after acquiring an additional 5,692 shares during the last quarter. Consolidated Portfolio Review Corp lifted its position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 89.6% during the second quarter. Consolidated Portfolio Review Corp now owns 19,568 shares of the company’s stock worth $901,000 after purchasing an additional 9,246 shares in the last quarter. Valpey Financial Services LLC bought a new stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF during the second quarter valued at approximately $437,000. Finally, Private Trust Co. NA raised its position in Goldman Sachs Access Investment Grade Corporate Bond ETF by 175.3% in the 2nd quarter. Private Trust Co. NA now owns 1,346 shares of the company’s stock worth $62,000 after purchasing an additional 857 shares during the last quarter.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Performance

Shares of GIGB traded down $0.04 on Friday, reaching $46.44. 13,434 shares of the stock traded hands, compared to its average volume of 185,603. Goldman Sachs Access Investment Grade Corporate Bond ETF has a 12 month low of $43.96 and a 12 month high of $47.16. The stock’s 50-day moving average price is $46.46 and its 200-day moving average price is $46.40.

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.