Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) Short Interest Up 233.5% in June

Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 3,192 shares, a growth of 233.5% from the May 31st total of 957 shares. Based on an average daily volume of 2,811 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.1% of the shares of the stock are sold short.

Goldman Sachs Innovate Equity ETF Stock Performance

NYSEARCA:GINN traded up $0.87 during trading hours on Friday, reaching $77.29. The stock had a trading volume of 583 shares, compared to its average volume of 4,768. The stock has a market capitalization of $216.41 million, a PE ratio of 23.29 and a beta of 1.15. The company has a 50 day moving average price of $77.03 and a two-hundred day moving average price of $74.21. Goldman Sachs Innovate Equity ETF has a 52 week low of $65.63 and a 52 week high of $80.98.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GINN. Farther Finance Advisors LLC lifted its stake in Goldman Sachs Innovate Equity ETF by 4.2% in the fourth quarter. Farther Finance Advisors LLC now owns 7,139 shares of the company’s stock worth $522,000 after acquiring an additional 290 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of Goldman Sachs Innovate Equity ETF by 2.1% during the 3rd quarter. Raymond James Financial Inc. now owns 18,078 shares of the company’s stock valued at $1,335,000 after purchasing an additional 375 shares during the last quarter. LPL Financial LLC boosted its holdings in Goldman Sachs Innovate Equity ETF by 10.5% in the fourth 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. Bank of America Corp DE boosted its stake in Goldman Sachs Innovate Equity ETF by 2.7% in the 3rd quarter. Bank of America Corp DE now owns 36,252 shares of the company’s stock worth $2,677,000 after purchasing an additional 959 shares in the last quarter. Finally, Susquehanna International Group LLP grew its holdings in shares of Goldman Sachs Innovate Equity ETF by 21.0% during the third quarter. Susquehanna International Group LLP now owns 9,128 shares of the company’s stock valued at $674,000 after buying an additional 1,585 shares during the last quarter.

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.