Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Shares Shorted: Short Interest Up 450.3% in September

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 77,695 shares, a growth of 450.3% from the September 15th total of 14,119 shares. Based on an average trading volume of 71,924 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 10.1% in the second 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 period. Capital Financial Group Inc. Co. ADV acquired a new stake in Goldman Sachs Access Investment Grade Corporate Bond ETF in the 4th quarter worth $3,894,000. Keebeck Wealth Management raised its position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 152.7% during the first quarter. Keebeck Wealth Management now owns 106,974 shares of the company’s stock valued at $4,899,000 after buying an additional 64,643 shares during the last quarter. Corient Private Wealth LLC bought a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF during the fourth quarter valued at about $2,880,000. Finally, Independent Financial Group LLC bought a new stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the 1st quarter worth approximately $2,324,000.

Goldman Sachs Access Investment Grade Corporate Bond ETF Price Performance

GIGB traded down $0.01 during midday trading on Friday, hitting $43.59. 695,840 shares of the company’s stock traded hands, compared to its average volume of 93,159. The stock’s fifty day simple moving average is $44.46 and its 200-day simple moving average is $45.26. Goldman Sachs Access Investment Grade Corporate Bond ETF has a one year low of $43.15 and a one year high of $47.16.

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.