Short Interest in Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Drops By 47.5%

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 20,526 shares, a decrease of 47.5% from the July 15th total of 39,130 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 12,330 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Investors Weigh In On Goldman Sachs Hedge Industry VIP ETF

Institutional investors have recently bought and sold shares of the business. Hudson Value Partners LLC lifted its position in shares of Goldman Sachs Hedge Industry VIP ETF by 49.6% in the second quarter. Hudson Value Partners LLC now owns 24,163 shares of the company’s stock valued at $4,560,000 after acquiring an additional 8,012 shares in the last quarter. GK Wealth Management LLC bought a new stake in shares of Goldman Sachs Hedge Industry VIP ETF in the second quarter worth about $913,000. NewEdge Advisors LLC increased its stake in Goldman Sachs Hedge Industry VIP ETF by 100.4% in the 1st quarter. NewEdge Advisors LLC now owns 91,780 shares of the company’s stock worth $13,375,000 after acquiring an additional 45,992 shares during the last quarter. Bank of America Corp DE raised its stake in Goldman Sachs Hedge Industry VIP ETF by 7.1% during the first quarter. Bank of America Corp DE now owns 173,420 shares of the company’s stock valued at $25,272,000 after purchasing an additional 11,505 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 107.5% in the 1st quarter. Cetera Investment Advisers now owns 5,016 shares of the company’s stock valued at $731,000 after acquiring an additional 2,599 shares during the last quarter.

Goldman Sachs Hedge Industry VIP ETF Stock Performance

Shares of NYSEARCA GVIP traded up $0.81 during midday trading on Friday, reaching $177.86. The stock had a trading volume of 4,903 shares, compared to its average volume of 12,623. The company has a market capitalization of $586.94 million, a price-to-earnings ratio of 28.77 and a beta of 1.09. Goldman Sachs Hedge Industry VIP ETF has a 12-month low of $138.35 and a 12-month high of $192.13. The stock has a 50-day moving average of $177.20 and a 200-day moving average of $166.61.

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.