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

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 59,196 shares, an increase of 129.6% from the August 31st total of 25,784 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 28,252 shares, the days-to-cover ratio is presently 2.1 days.

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF Trading Up 0.3%

NYSEARCA:GSSC traded up $0.26 during trading hours on Friday, hitting $86.87. 18,993 shares of the stock were exchanged, compared to its average volume of 42,464. The firm’s fifty day moving average price is $89.86 and its 200 day moving average price is $85.58. Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF has a 52-week low of $70.21 and a 52-week high of $92.84. The company has a market cap of $1.05 billion, a P/E ratio of 15.78 and a beta of 1.04.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Paul R. Ried Financial Group LLC boosted its position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 2.9% during the 2nd quarter. Paul R. Ried Financial Group LLC now owns 191,659 shares of the company’s stock valued at $17,491,000 after acquiring an additional 5,362 shares during the last quarter. Verus Capital Partners LLC increased its position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 6.5% during the first quarter. Verus Capital Partners LLC now owns 176,089 shares of the company’s stock worth $13,127,000 after purchasing an additional 10,811 shares during the last quarter. IFP Advisors Inc increased its position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 2.4% during the second quarter. IFP Advisors Inc now owns 174,206 shares of the company’s stock worth $15,898,000 after purchasing an additional 4,041 shares during the last quarter. Cetera Investment Advisers raised its stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 3.4% during the first quarter. Cetera Investment Advisers now owns 140,009 shares of the company’s stock worth $10,437,000 after purchasing an additional 4,637 shares during the period. Finally, Royal Bank of Canada raised its stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 5.5% during the first quarter. Royal Bank of Canada now owns 91,755 shares of the company’s stock worth $6,841,000 after purchasing an additional 4,819 shares during the period.

About Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

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.