Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Short Interest Up 72.0% in April

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 30,333 shares, an increase of 72.0% from the April 15th total of 17,633 shares. Based on an average daily trading volume, of 8,141 shares, the days-to-cover ratio is currently 3.7 days. Currently, 1.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On Goldman Sachs Hedge Industry VIP ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC lifted its stake in Goldman Sachs Hedge Industry VIP ETF by 1.3% in the 4th quarter. HighTower Advisors LLC now owns 5,373 shares of the company’s stock valued at $832,000 after buying an additional 67 shares in the last quarter. Summit Financial LLC lifted its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 0.7% during the 4th quarter. Summit Financial LLC now owns 10,352 shares of the company’s stock worth $1,603,000 after purchasing an additional 70 shares during the period. Mariner LLC lifted its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 4.7% during the 4th quarter. Mariner LLC now owns 2,066 shares of the company’s stock worth $320,000 after purchasing an additional 92 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 31.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 698 shares of the company’s stock worth $107,000 after purchasing an additional 166 shares during the period. Finally, Hudson Value Partners LLC lifted its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 1.5% during the 4th quarter. Hudson Value Partners LLC now owns 15,632 shares of the company’s stock worth $2,422,000 after purchasing an additional 231 shares during the period.

Goldman Sachs Hedge Industry VIP ETF Stock Performance

GVIP stock traded down $4.23 on Monday, reaching $168.45. The company had a trading volume of 6,908 shares, compared to its average volume of 13,511. Goldman Sachs Hedge Industry VIP ETF has a 1 year low of $127.31 and a 1 year high of $177.27. The company’s fifty day moving average is $158.03 and its 200 day moving average is $156.45. The company has a market cap of $505.35 million, a P/E ratio of 28.77 and a beta of 1.08.

About Goldman Sachs Hedge Industry VIP ETF

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.