Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) Short Interest Down 87.3% in August

Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 353 shares, a decrease of 87.3% from the July 30th total of 2,769 shares. Based on an average trading volume of 2,053 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Goldman Sachs Innovate Equity ETF Price Performance

NYSEARCA:GINN traded up $0.64 during mid-day trading on Thursday, reaching $83.29. The stock had a trading volume of 2,827 shares, compared to its average volume of 5,560. The stock has a 50-day simple moving average of $79.59 and a two-hundred day simple moving average of $75.84. The stock has a market capitalization of $216.55 million, a PE ratio of 23.29 and a beta of 1.15. Goldman Sachs Innovate Equity ETF has a 12 month low of $65.63 and a 12 month high of $83.29.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. grew its holdings in shares of Goldman Sachs Innovate Equity ETF by 2.1% during the 3rd quarter. Raymond James Financial Inc. now owns 18,078 shares of the company’s stock valued at $1,335,000 after purchasing an additional 375 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Goldman Sachs Innovate Equity ETF by 2.7% during the third quarter. Bank of America Corp DE now owns 36,252 shares of the company’s stock worth $2,677,000 after buying an additional 959 shares during the last quarter. Citadel Advisors LLC increased its holdings in shares of Goldman Sachs Innovate Equity ETF by 280.2% during the third quarter. Citadel Advisors LLC now owns 23,692 shares of the company’s stock worth $1,749,000 after buying an additional 17,461 shares in the last quarter. Flow Traders U.S. LLC lifted its stake in shares of Goldman Sachs Innovate Equity ETF by 253.9% in the 3rd quarter. Flow Traders U.S. LLC now owns 21,166 shares of the company’s stock valued at $1,563,000 after acquiring an additional 15,185 shares during the last quarter. Finally, Susquehanna International Group LLP boosted its holdings in shares of Goldman Sachs Innovate Equity ETF by 21.0% during the 3rd quarter. Susquehanna International Group LLP now owns 9,128 shares of the company’s stock valued at $674,000 after acquiring an additional 1,585 shares in the last quarter.

About Goldman Sachs Innovate Equity ETF

The Goldman Sachs Innovate Equity ETF (GINN) is an exchange-traded fund that is based on the Solactive Innovative Global Equity index. The fund selects companies globally, believed to benefit from technological innovation and changes in the economy across five themes: data, finance, human evolution, manufacturing, and shifts with consumers. GINN was launched on Nov 6, 2020 and is managed by Goldman Sachs.