Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (NYSEARCA:GSIG) Sees Large Growth in Short Interest

Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (NYSEARCA:GSIG) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 1,042 shares, a growth of 11,477.8% from the April 15th total of 9 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 915 shares, the days-to-cover ratio is currently 1.1 days.

Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF Stock Down 0.1%

NYSEARCA:GSIG opened at $47.29 on Wednesday. The firm has a market capitalization of $9.46 million, a price-to-earnings ratio of 48.26 and a beta of 0.13. Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF has a twelve month low of $46.99 and a twelve month high of $48.11. The stock’s 50 day moving average price is $47.43 and its two-hundred day moving average price is $47.63.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GSIG. Sanctuary Advisors LLC increased its holdings in shares of Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF by 3.2% during the 4th quarter. Sanctuary Advisors LLC now owns 7,009 shares of the company’s stock worth $334,000 after acquiring an additional 219 shares during the last quarter. Susquehanna International Group LLP acquired a new position in shares of Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF during the 3rd quarter worth approximately $432,000. Flow Traders U.S. LLC acquired a new position in shares of Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF during the 3rd quarter worth approximately $834,000. Finally, Citadel Advisors LLC increased its holdings in shares of Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF by 30.6% during the 3rd quarter. Citadel Advisors LLC now owns 19,890 shares of the company’s stock worth $952,000 after acquiring an additional 4,664 shares during the last quarter. Institutional investors and hedge funds own 77.18% of the company’s stock.

About Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF

The Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an market-value weighted index of fundamentally-selected US investment-grade corporate bonds, maturing between one to five years. GSIG was launched on Jul 7, 2020 and is managed by Goldman Sachs.