Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Sees Significant Drop in Short Interest

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 12,280 shares, a decline of 82.4% from the July 30th total of 69,762 shares. Based on an average daily trading volume, of 38,272 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF Price Performance

Shares of NYSEARCA GSSC traded up $0.28 during mid-day trading on Thursday, hitting $91.24. 43,727 shares of the company’s stock traded hands, compared to its average volume of 43,809. Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF has a 1 year low of $70.21 and a 1 year high of $92.84. The company’s 50-day moving average is $90.50 and its two-hundred day moving average is $84.07. The company has a market capitalization of $1.07 billion, a P/E ratio of 15.78 and a beta of 1.04.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

Institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp purchased a new position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the 1st quarter worth approximately $28,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 850.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 399 shares of the company’s stock worth $30,000 after purchasing an additional 357 shares in the last quarter. Cornerstone Planning Group LLC acquired a new stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the 1st quarter worth $47,000. Western Wealth Management LLC purchased a new position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the 1st quarter worth $47,000. Finally, Montag A & Associates Inc. purchased a new position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the 4th quarter worth $63,000.

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF Company Profile

The Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (GSSC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks. The index equally weights four factor-based sub-indices: value, momentum, quality, and low volatility. GSSC was launched on Jun 28, 2017 and is managed by Goldman Sachs.