Goldman Sachs Access Inflation Protected USD Bond ETF (BATS:GTIP) Sees Large Decline in Short Interest

Goldman Sachs Access Inflation Protected USD Bond ETF (BATS:GTIP) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totaling 11,456 shares, a decline of 44.1% from the April 15th total of 20,480 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 17,082 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC increased its position in Goldman Sachs Access Inflation Protected USD Bond ETF by 12.5% during the 4th quarter. LPL Financial LLC now owns 823,921 shares of the company’s stock valued at $40,479,000 after buying an additional 91,455 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Goldman Sachs Access Inflation Protected USD Bond ETF by 1,443.7% during the fourth quarter. Wells Fargo & Company MN now owns 55,127 shares of the company’s stock worth $2,708,000 after acquiring an additional 51,556 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Goldman Sachs Access Inflation Protected USD Bond ETF by 23.3% during the first quarter. Cetera Investment Advisers now owns 158,831 shares of the company’s stock worth $7,842,000 after acquiring an additional 30,010 shares during the last quarter. Keebeck Wealth Management increased its holdings in shares of Goldman Sachs Access Inflation Protected USD Bond ETF by 144.6% during the first quarter. Keebeck Wealth Management now owns 43,037 shares of the company’s stock valued at $2,125,000 after acquiring an additional 25,443 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Goldman Sachs Access Inflation Protected USD Bond ETF by 7.7% during the third quarter. Envestnet Asset Management Inc. now owns 342,796 shares of the company’s stock valued at $17,112,000 after acquiring an additional 24,572 shares in the last quarter.

Goldman Sachs Access Inflation Protected USD Bond ETF Price Performance

GTIP remained flat at $49.27 during trading on Monday. 25,994 shares of the company’s stock traded hands, compared to its average volume of 23,016. Goldman Sachs Access Inflation Protected USD Bond ETF has a 52 week low of $48.64 and a 52 week high of $50.32. The business’s fifty day simple moving average is $49.57 and its 200 day simple moving average is $49.55.

Goldman Sachs Access Inflation Protected USD Bond ETF Company Profile

The Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of off-the-run US Treasury inflation-protected securities with at least one year remaining in maturity. GTIP was launched on Oct 2, 2018 and is managed by Goldman Sachs.