Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) Short Interest Down 87.3% in August

Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 353 shares, a decrease of 87.3% from the July 30th total of 2,769 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 2,053 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Goldman Sachs Innovate Equity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cassaday & Co Wealth Management LLC acquired a new stake in Goldman Sachs Innovate Equity ETF during the first quarter worth approximately $127,000. Barclays PLC purchased a new position in shares of Goldman Sachs Innovate Equity ETF in the 4th quarter valued at $392,000. LPL Financial LLC raised its stake in Goldman Sachs Innovate Equity ETF by 10.5% during the 4th quarter. LPL Financial LLC now owns 7,967 shares of the company’s stock worth $582,000 after acquiring an additional 757 shares in the last quarter. Susquehanna International Group LLP raised its stake in Goldman Sachs Innovate Equity ETF by 21.0% during the 3rd quarter. Susquehanna International Group LLP now owns 9,128 shares of the company’s stock worth $674,000 after acquiring an additional 1,585 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in Goldman Sachs Innovate Equity ETF by 33.4% during the 4th quarter. Cetera Investment Advisers now owns 11,194 shares of the company’s stock worth $818,000 after acquiring an additional 2,803 shares in the last quarter.

Goldman Sachs Innovate Equity ETF Price Performance

Shares of GINN traded down $0.78 during mid-day trading on Friday, reaching $82.51. The company’s stock had a trading volume of 2,261 shares, compared to its average volume of 5,529. Goldman Sachs Innovate Equity ETF has a 12-month low of $65.63 and a 12-month high of $83.29. The stock has a market cap of $214.53 million, a PE ratio of 23.29 and a beta of 1.15. The company’s 50 day moving average is $79.69 and its 200 day moving average is $75.91.

Goldman Sachs Innovate Equity ETF Company Profile

The Goldman Sachs Innovate Equity ETF (GINN) is an exchange-traded fund that is based on the Solactive Innovative Global Equity index. The fund selects companies globally, believed to benefit from technological innovation and changes in the economy across five themes: data, finance, human evolution, manufacturing, and shifts with consumers. GINN was launched on Nov 6, 2020 and is managed by Goldman Sachs.