Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Sees Significant Increase in Short Interest

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 21,876 shares, a growth of 98.2% from the February 12th total of 11,037 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 36,813 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 36,813 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the company’s stock are sold short.

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF Trading Down 1.9%

GSSC stock traded down $1.47 during midday trading on Thursday, hitting $74.24. The company’s stock had a trading volume of 97,926 shares, compared to its average volume of 65,713. Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF has a 12 month low of $54.91 and a 12 month high of $81.91. The company has a market cap of $727.55 million, a PE ratio of 15.78 and a beta of 1.06. The firm’s 50-day moving average is $78.81 and its 200-day moving average is $76.37.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

A number of hedge funds have recently modified their holdings of GSSC. Northwestern Mutual Wealth Management Co. grew its holdings in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 850.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 399 shares of the company’s stock valued at $30,000 after purchasing an additional 357 shares during the period. Optima Capital LLC bought a new stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the 4th quarter worth approximately $35,000. Montag A & Associates Inc. bought a new position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the fourth quarter worth approximately $63,000. Worth Financial Advisory Group LLC bought a new stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the third quarter valued at about $201,000. Finally, Private Trust Co. NA boosted its stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 368.1% in the third quarter. Private Trust Co. NA now owns 2,804 shares of the company’s stock worth $210,000 after acquiring an additional 2,205 shares during the period.

About Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

The Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (GSSC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks. The index equally weights four factor-based sub-indices: value, momentum, quality, and low volatility. GSSC was launched on Jun 28, 2017 and is managed by Goldman Sachs.