Short Interest in Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Declines By 68.9%

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 14,177 shares, a decrease of 68.9% from the April 30th total of 45,521 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 113,834 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. purchased a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF in the second quarter worth approximately $28,000. Hantz Financial Services Inc. purchased a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF in the fourth quarter worth approximately $30,000. Parallel Advisors LLC grew its position in Goldman Sachs Access Investment Grade Corporate Bond ETF by 4,307.3% in the first quarter. Parallel Advisors LLC now owns 1,807 shares of the company’s stock worth $83,000 after acquiring an additional 1,766 shares during the period. Western Wealth Management LLC purchased a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF in the first quarter worth approximately $96,000. Finally, Cornerstone Planning Group LLC purchased a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF in the first quarter worth approximately $100,000.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Performance

Shares of Goldman Sachs Access Investment Grade Corporate Bond ETF stock opened at $45.98 on Monday. Goldman Sachs Access Investment Grade Corporate Bond ETF has a fifty-two week low of $45.02 and a fifty-two week high of $47.16. The stock has a 50 day moving average of $45.80 and a 200 day moving average of $46.21.

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.