Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Short Interest Up 72.0% in April

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 30,333 shares, an increase of 72.0% from the April 15th total of 17,633 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average trading volume of 8,141 shares, the short-interest ratio is presently 3.7 days.

Goldman Sachs Hedge Industry VIP ETF Stock Down 2.4%

Shares of GVIP traded down $4.23 on Monday, reaching $168.45. The stock had a trading volume of 6,908 shares, compared to its average volume of 13,511. The firm has a market capitalization of $505.35 million, a PE ratio of 28.77 and a beta of 1.08. The firm has a 50-day moving average of $158.03 and a 200 day moving average of $156.45. Goldman Sachs Hedge Industry VIP ETF has a twelve month low of $127.31 and a twelve month high of $177.27.

Institutional Investors Weigh In On Goldman Sachs Hedge Industry VIP ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. HighTower Advisors LLC grew its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 1.3% in the 4th quarter. HighTower Advisors LLC now owns 5,373 shares of the company’s stock worth $832,000 after acquiring an additional 67 shares during the period. Summit Financial LLC grew its holdings in shares of Goldman Sachs Hedge Industry VIP ETF by 0.7% in the 4th quarter. Summit Financial LLC now owns 10,352 shares of the company’s stock worth $1,603,000 after acquiring an additional 70 shares during the period. Mariner LLC increased its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 4.7% during the 4th quarter. Mariner LLC now owns 2,066 shares of the company’s stock worth $320,000 after purchasing an additional 92 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 31.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 698 shares of the company’s stock worth $107,000 after purchasing an additional 166 shares in the last quarter. Finally, Hudson Value Partners LLC lifted its stake in Goldman Sachs Hedge Industry VIP ETF by 1.5% in the 4th quarter. Hudson Value Partners LLC now owns 15,632 shares of the company’s stock valued at $2,422,000 after buying an additional 231 shares in the last quarter.

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.