Goldman Sachs Access High Yield Corporate Bond ETF (NYSEARCA:GHYB) Stock Short Interest Drops 91.7%

Goldman Sachs Access High Yield Corporate Bond ETF (NYSEARCA:GHYB) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 533 shares, a drop of 91.7% from the September 15th total of 6,442 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 6,895 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 44.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,900 shares of the company’s stock valued at $174,000 after buying an additional 1,200 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 50.0% during the second quarter. Integrated Wealth Concepts LLC now owns 6,921 shares of the company’s stock valued at $310,000 after acquiring an additional 2,307 shares during the period. Smithbridge Asset Management Inc. DE lifted its stake in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 4.0% during the fourth quarter. Smithbridge Asset Management Inc. DE now owns 16,337 shares of the company’s stock valued at $740,000 after acquiring an additional 625 shares during the period. Atwood & Palmer Inc. acquired a new position in shares of Goldman Sachs Access High Yield Corporate Bond ETF during the third quarter valued at $782,000. Finally, Sage Rhino Capital LLC acquired a new position in shares of Goldman Sachs Access High Yield Corporate Bond ETF during the first quarter valued at $872,000.

Goldman Sachs Access High Yield Corporate Bond ETF Stock Performance

Shares of Goldman Sachs Access High Yield Corporate Bond ETF stock traded up $0.09 during midday trading on Friday, reaching $43.22. The company had a trading volume of 7,243 shares, compared to its average volume of 15,104. The stock has a fifty day simple moving average of $44.12 and a 200 day simple moving average of $44.50. Goldman Sachs Access High Yield Corporate Bond ETF has a 1-year low of $42.77 and a 1-year high of $45.87.

About Goldman Sachs Access High Yield Corporate Bond ETF

The Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a broad-maturity, USD-denominated, high-yield corporate bond index selected by debt service and leverage. GHYB was launched on Sep 5, 2017 and is managed by Goldman Sachs.