Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) Short Interest Update

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 10,708 shares, a decline of 38.3% from the May 14th total of 17,347 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 13,618 shares, the days-to-cover ratio is currently 0.8 days.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Stock Down 0.7%

Shares of NYSEARCA GGUS traded down $0.45 during midday trading on Tuesday, reaching $67.23. 27,999 shares of the company were exchanged, compared to its average volume of 26,365. The stock’s 50-day moving average price is $65.16 and its 200-day moving average price is $63.20. The stock has a market cap of $443.72 million, a P/E ratio of 35.28 and a beta of 1.16. Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF has a one year low of $55.15 and a one year high of $69.46.

Institutional Trading of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF

A number of hedge funds and other institutional investors have recently modified their holdings of GGUS. Goldman Sachs Group Inc. grew its stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 2.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,459,078 shares of the company’s stock worth $220,205,000 after buying an additional 75,828 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 1,591.5% during the fourth quarter. Wells Fargo & Company MN now owns 65,479 shares of the company’s stock worth $4,168,000 after buying an additional 61,608 shares during the last quarter. LPL Financial LLC grew its stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 3.8% in the fourth quarter. LPL Financial LLC now owns 1,084,098 shares of the company’s stock worth $69,014,000 after purchasing an additional 39,391 shares during the last quarter. Keebeck Wealth Management grew its stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 385.4% in the third quarter. Keebeck Wealth Management now owns 48,051 shares of the company’s stock worth $3,041,000 after purchasing an additional 38,152 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC grew its stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 811.0% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 36,141 shares of the company’s stock worth $2,301,000 after purchasing an additional 32,174 shares during the last quarter.

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. GGUS was launched on Nov 28, 2023 and is issued by Goldman Sachs.