Goldman Sachs Ultra Short Bond ETF (BATS:GSST) Hits New 52-Week Low – Here’s Why

Shares of Goldman Sachs Ultra Short Bond ETF (BATS:GSST) reached a new 52-week low on Thursday. The company traded as low as $50.28 and last traded at $50.2850, with a volume of 14472 shares changing hands. The stock had previously closed at $50.46.

Goldman Sachs Ultra Short Bond ETF Trading Down 0.4%

The company has a 50-day moving average price of $50.47 and a two-hundred day moving average price of $50.48.

Institutional Trading of Goldman Sachs Ultra Short Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Proficio Capital Partners LLC boosted its position in Goldman Sachs Ultra Short Bond ETF by 10,383.9% during the second quarter. Proficio Capital Partners LLC now owns 465,485 shares of the company’s stock valued at $23,542,000 after buying an additional 461,045 shares during the period. FreeGulliver LLC increased its holdings in shares of Goldman Sachs Ultra Short Bond ETF by 406.5% in the first quarter. FreeGulliver LLC now owns 299,608 shares of the company’s stock worth $15,145,000 after buying an additional 240,450 shares during the period. Fortis Capital Management LLC lifted its stake in shares of Goldman Sachs Ultra Short Bond ETF by 355.3% in the 1st quarter. Fortis Capital Management LLC now owns 204,777 shares of the company’s stock valued at $10,351,000 after acquiring an additional 159,798 shares during the last quarter. Three Seasons Wealth LLC lifted its stake in shares of Goldman Sachs Ultra Short Bond ETF by 1,909.9% in the 1st quarter. Three Seasons Wealth LLC now owns 147,605 shares of the company’s stock valued at $7,461,000 after acquiring an additional 140,261 shares during the last quarter. Finally, Corient Private Wealth LLC purchased a new stake in Goldman Sachs Ultra Short Bond ETF during the 4th quarter valued at about $7,056,000.

Goldman Sachs Ultra Short Bond ETF Company Profile

The Goldman Sachs Access Ultra Short Bond ETF (GSST) is an exchange-traded fund that is based on the FTSE 3 Month T-Bill index. The fund is an actively-managed ETF that seeks to provide current income with preservation of capital by investing in a broad range of USD-denominated ultra-short-term bonds. GSST was launched on Apr 15, 2019 and is managed by Goldman Sachs.