Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Sees Significant Decrease in Short Interest

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) was the recipient of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 6,892 shares, a decline of 37.6% from the February 12th total of 11,043 shares. Based on an average daily trading volume, of 12,248 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 12,248 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Goldman Sachs Hedge Industry VIP ETF

Several institutional investors and hedge funds have recently made changes to their positions in GVIP. Northwestern Mutual Wealth Management Co. boosted its position in shares of Goldman Sachs Hedge Industry VIP ETF by 31.2% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 698 shares of the company’s stock valued at $107,000 after acquiring an additional 166 shares during the period. JPMorgan Chase & Co. acquired a new stake in Goldman Sachs Hedge Industry VIP ETF in the 3rd quarter worth about $132,000. Level Four Advisory Services LLC acquired a new stake in Goldman Sachs Hedge Industry VIP ETF in the 2nd quarter worth about $204,000. Investment Partners Asset Management Inc. bought a new stake in Goldman Sachs Hedge Industry VIP ETF in the 3rd quarter valued at about $205,000. Finally, Strategic Blueprint LLC bought a new stake in Goldman Sachs Hedge Industry VIP ETF in the 4th quarter valued at about $208,000.

Goldman Sachs Hedge Industry VIP ETF Price Performance

NYSEARCA GVIP traded down $0.07 during trading on Friday, reaching $147.55. 4,569 shares of the company’s stock were exchanged, compared to its average volume of 12,995. Goldman Sachs Hedge Industry VIP ETF has a fifty-two week low of $100.33 and a fifty-two week high of $163.41. The business has a 50 day moving average price of $156.93 and a 200-day moving average price of $153.91. The stock has a market capitalization of $427.90 million, a P/E ratio of 28.77 and a beta of 1.06.

Goldman Sachs Hedge Industry VIP ETF Company Profile

The Goldman Sachs Hedge Industry VIP ETF (GVIP) is an exchange-traded fund that is based on the Goldman Sachs Hedge Fund VIP index. The fund tracks an equal-weighted index of the 50 most-frequently held US companies selected from the portfolios of hedge funds. GVIP was launched on Nov 1, 2016 and is managed by Goldman Sachs.