Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) Short Interest Up 224.4% in August

Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 1,145 shares, an increase of 224.4% from the August 15th total of 353 shares. Based on an average daily trading volume, of 24,097 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Goldman Sachs Innovate Equity ETF

Hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC purchased a new position in shares of Goldman Sachs Innovate Equity ETF during the second quarter worth about $157,000. Cassaday & Co Wealth Management LLC purchased a new stake in Goldman Sachs Innovate Equity ETF during the 1st quarter valued at approximately $127,000. Summa Corp. lifted its position in Goldman Sachs Innovate Equity ETF by 960.7% during the 1st quarter. Summa Corp. now owns 35,533 shares of the company’s stock worth $2,427,000 after acquiring an additional 32,183 shares during the period. Cetera Investment Advisers lifted its position 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 during the period. Finally, Barclays PLC purchased a new position in shares of Goldman Sachs Innovate Equity ETF in the 4th quarter valued at approximately $392,000.

Goldman Sachs Innovate Equity ETF Price Performance

Shares of GINN traded up $0.47 during midday trading on Monday, reaching $81.28. 5,117 shares of the stock were exchanged, compared to its average volume of 5,762. The business’s 50-day moving average price is $80.53 and its 200 day moving average price is $76.60. The company has a market capitalization of $211.33 million, a price-to-earnings ratio of 23.29 and a beta of 1.15. Goldman Sachs Innovate Equity ETF has a twelve month low of $65.63 and a twelve month high of $83.29.

About Goldman Sachs Innovate Equity ETF

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.