Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Shares Shorted: Short Interest Down 95.6% in October

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) was the recipient of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 5,751 shares, a decline of 95.6% from the October 15th total of 130,182 shares. Based on an average daily volume of 69,704 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Down 0.7%

Shares of GIGB stock traded down $0.31 during trading hours on Thursday, hitting $43.81. The company’s stock had a trading volume of 33,561 shares, compared to its average volume of 93,243. Goldman Sachs Access Investment Grade Corporate Bond ETF has a 12-month low of $43.15 and a 12-month high of $46.91. The company has a 50 day moving average of $44.03 and a 200 day moving average of $45.32.

Hedge Funds Weigh In On Goldman Sachs Access Investment Grade Corporate Bond ETF

Institutional investors have recently made changes to their positions in the company. Arvest Investments Inc. purchased a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF in the third quarter valued at $40,374,000. Sowell Financial Services LLC purchased a new position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the third quarter valued at approximately $11,977,000. White Pine Investment CO acquired a new stake in Goldman Sachs Access Investment Grade Corporate Bond ETF during the 3rd quarter worth $8,120,000. HighTower Advisors LLC acquired a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF during the third quarter worth about $5,727,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 10.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,393,478 shares of the company’s stock worth $63,975,000 after purchasing an additional 128,042 shares during the last quarter.

Goldman Sachs Access Investment Grade Corporate Bond ETF Company Profile

The Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a broad-maturity, USD-denominated, investment-grade corporate bond index selected by operating margin and leverage. GIGB was launched on Jun 6, 2017 and is managed by Goldman Sachs.