Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) Sees Significant Decrease in Short Interest

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) was the target of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 500 shares, a decline of 83.3% from the May 15th total of 3,000 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 40,800 shares, the days-to-cover ratio is presently 0.0 days.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Stock Down 1.3%

Shares of GGUS opened at $55.38 on Friday. Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF has a 52 week low of $43.64 and a 52 week high of $57.00. The company has a market capitalization of $307.36 million, a price-to-earnings ratio of 32.50 and a beta of 1.15. The stock’s 50-day moving average price is $51.89 and its 200-day moving average price is $53.14.

Institutional Trading of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF

A number of hedge funds have recently modified their holdings of GGUS. LPL Financial LLC purchased a new stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF in the first quarter worth about $23,322,000. Envestnet Asset Management Inc. acquired a new position in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF during the first quarter valued at approximately $12,782,000. Cetera Investment Advisers acquired a new position in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF during the first quarter valued at approximately $2,969,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF in the first quarter valued at approximately $2,327,000. Finally, Atria Wealth Solutions Inc. purchased a new stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF in the first quarter valued at approximately $596,000.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Company Profile

The Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (GGUS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large- and mid-cap stocks selected from the Russell 1000 Index with the highest growth characteristics based on Russells style methodology.