Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Sees Significant Growth in Short Interest

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 8,113 shares, an increase of 17.7% from the February 26th total of 6,892 shares. Based on an average daily trading volume, of 17,957 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Trading of Goldman Sachs Hedge Industry VIP ETF

Institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. increased its position in Goldman Sachs Hedge Industry VIP ETF by 1,226.9% in the 2nd quarter. Raymond James Financial Inc. now owns 41,624 shares of the company’s stock worth $5,760,000 after purchasing an additional 38,487 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 4,855.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 34,590 shares of the company’s stock worth $5,358,000 after purchasing an additional 33,892 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of Goldman Sachs Hedge Industry VIP ETF during the 4th quarter valued at about $4,830,000. Royal Harbor Partners LLC acquired a new stake in shares of Goldman Sachs Hedge Industry VIP ETF during the 4th quarter valued at about $1,765,000. Finally, Private Advisory Group LLC grew its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 39.0% in the 3rd quarter. Private Advisory Group LLC now owns 35,323 shares of the company’s stock valued at $5,414,000 after buying an additional 9,911 shares in the last quarter.

Goldman Sachs Hedge Industry VIP ETF Stock Up 1.4%

Shares of NYSEARCA:GVIP opened at $147.80 on Thursday. The firm has a fifty day moving average of $153.98 and a two-hundred day moving average of $153.97. Goldman Sachs Hedge Industry VIP ETF has a 12-month low of $100.33 and a 12-month high of $163.41. The firm has a market capitalization of $428.62 million, a P/E ratio of 28.77 and a beta of 1.06.

About Goldman Sachs Hedge Industry VIP ETF

The Goldman Sachs Hedge Industry VIP ETF (GVIP) is an exchange-traded fund that is based on the Goldman Sachs Hedge Fund VIP index. The fund tracks an equal-weighted index of the 50 most-frequently held US companies selected from the portfolios of hedge funds. GVIP was launched on Nov 1, 2016 and is managed by Goldman Sachs.