Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Sees Significant Decline in Short Interest

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) was the target of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 5,751 shares, a decrease of 95.6% from the October 15th total of 130,182 shares. Based on an average daily trading volume, of 69,704 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Down 0.7%

Shares of NYSEARCA:GIGB traded down $0.33 on Tuesday, reaching $44.06. 143,229 shares of the company traded hands, compared to its average volume of 93,662. The business’s 50-day simple moving average is $44.06 and its 200 day simple moving average is $45.34. Goldman Sachs Access Investment Grade Corporate Bond ETF has a 52 week low of $43.15 and a 52 week high of $46.91.

Hedge Funds Weigh In On Goldman Sachs Access Investment Grade Corporate Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of GIGB. Arvest Investments Inc. bought a new stake in Goldman Sachs Access Investment Grade Corporate Bond ETF in the third quarter valued at approximately $40,374,000. Sowell Financial Services LLC bought a new position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the third quarter worth approximately $11,977,000. White Pine Investment CO bought a new position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the third quarter worth approximately $8,120,000. HighTower Advisors LLC bought a new position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the third quarter worth approximately $5,727,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 10.1% in the second quarter. Envestnet Asset Management Inc. now owns 1,393,478 shares of the company’s stock worth $63,975,000 after buying an additional 128,042 shares during the period.

About Goldman Sachs Access Investment Grade Corporate Bond ETF

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.