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 target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 71,576 shares, a growth of 258.1% from the April 30th total of 19,989 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 25,864 shares, the short-interest ratio is presently 2.8 days.

Institutional Investors Weigh In On Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

A number of large investors have recently made changes to their positions in GSSC. Integrated Wealth Concepts LLC raised its stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 6.2% in the first quarter. Integrated Wealth Concepts LLC now owns 3,663 shares of the company’s stock valued at $232,000 after acquiring an additional 213 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 3.2% in the fourth quarter. NewEdge Advisors LLC now owns 7,552 shares of the company’s stock valued at $571,000 after acquiring an additional 234 shares in the last quarter. Aire Advisors LLC raised its stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 4.9% in the first quarter. Aire Advisors LLC now owns 5,246 shares of the company’s stock valued at $391,000 after acquiring an additional 246 shares in the last quarter. Syntegra Private Wealth Group LLC raised its stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 1.8% in the fourth quarter. Syntegra Private Wealth Group LLC now owns 17,411 shares of the company’s stock valued at $1,317,000 after acquiring an additional 307 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of 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 acquiring an additional 357 shares in the last quarter.

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

Shares of GSSC stock traded down $0.61 during trading hours on Friday, reaching $86.01. The company had a trading volume of 19,391 shares, compared to its average volume of 47,237. The stock has a fifty day moving average of $80.56 and a 200-day moving average of $78.37. The company has a market capitalization of $989.12 million, a price-to-earnings ratio of 15.78 and a beta of 1.06. Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF has a 12-month low of $64.77 and a 12-month high of $86.74.

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.