Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) Short Interest Down 38.3% in May

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 10,708 shares, a drop of 38.3% from the May 14th total of 17,347 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 13,618 shares, the short-interest ratio is presently 0.8 days.

Institutional Trading of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF

Hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC acquired a new stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF during the 4th quarter worth approximately $56,000. Cornerstone Planning Group LLC acquired a new stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF during the 1st quarter worth approximately $75,000. Transamerica Financial Advisors LLC lifted its holdings in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 25.7% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,441 shares of the company’s stock worth $92,000 after purchasing an additional 295 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 18.1% during the 2nd quarter. Osaic Holdings Inc. now owns 2,975 shares of the company’s stock worth $172,000 after purchasing an additional 457 shares during the last quarter. Finally, Consolidated Portfolio Review Corp acquired a new stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF during the 3rd quarter worth approximately $210,000.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Stock Performance

NYSEARCA:GGUS opened at $66.26 on Monday. The stock has a market cap of $437.32 million, a P/E ratio of 35.28 and a beta of 1.16. The stock has a 50 day simple moving average of $64.98 and a 200 day simple moving average of $63.17. Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF has a 1-year low of $55.15 and a 1-year high of $69.46.

About Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF

The Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (GGUS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large- and mid-cap stocks selected from the Russell 1000 Index with the highest growth characteristics based on Russells style methodology. GGUS was launched on Nov 28, 2023 and is issued by Goldman Sachs.