Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Sees Significant Increase in Short Interest

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 25,784 shares, an increase of 110.0% from the August 15th total of 12,280 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 40,668 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

Hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp acquired a new position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the first quarter worth $28,000. Northwestern Mutual Wealth Management Co. grew its holdings in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 850.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 399 shares of the company’s stock valued at $30,000 after purchasing an additional 357 shares during the last quarter. Cornerstone Planning Group LLC purchased a new position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the first quarter valued at $47,000. Western Wealth Management LLC purchased a new position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the first quarter valued at $47,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the first quarter valued at $204,000.

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF Stock Performance

GSSC traded down $0.01 on Monday, hitting $88.46. 18,654 shares of the company were exchanged, compared to its average volume of 42,772. Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF has a fifty-two week low of $70.21 and a fifty-two week high of $92.84. The firm has a market capitalization of $1.03 billion, a P/E ratio of 15.78 and a beta of 1.04. The business’s fifty day moving average is $90.40 and its 200 day moving average is $84.93.

About Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

The Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (GSSC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks. The index equally weights four factor-based sub-indices: value, momentum, quality, and low volatility. GSSC was launched on Jun 28, 2017 and is managed by Goldman Sachs.