Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Stock Short Interest Rises 450.3%

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 77,695 shares, an increase of 450.3% from the September 15th total of 14,119 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 71,924 shares, the short-interest ratio is currently 1.1 days.

Institutional Investors Weigh In On Goldman Sachs Access Investment Grade Corporate Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Rogco LP bought a new stake in Goldman Sachs Access Investment Grade Corporate Bond ETF during the second quarter valued at $73,000. Parallel Advisors LLC raised its position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 4,307.3% during the 1st quarter. Parallel Advisors LLC now owns 1,807 shares of the company’s stock worth $83,000 after purchasing an additional 1,766 shares during the period. Western Wealth Management LLC bought a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF during the 1st quarter worth $96,000. Cornerstone Planning Group LLC acquired a new stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the 1st quarter worth about $100,000. Finally, Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF during the first quarter worth approximately $343,000.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Down 0.0%

Shares of NYSEARCA GIGB traded down $0.01 during trading on Friday, hitting $43.59. 695,840 shares of the company traded hands, compared to its average volume of 93,159. The company has a 50-day moving average price of $44.46 and a 200-day moving average price of $45.26. Goldman Sachs Access Investment Grade Corporate Bond ETF has a 1 year low of $43.15 and a 1 year high of $47.16.

Goldman Sachs Access Investment Grade Corporate Bond ETF Company Profile

The Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a broad-maturity, USD-denominated, investment-grade corporate bond index selected by operating margin and leverage. GIGB was launched on Jun 6, 2017 and is managed by Goldman Sachs.