Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Sees Significant Drop in Short Interest

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 15,641 shares, a decline of 69.5% from the June 15th total of 51,313 shares. Based on an average trading volume of 34,469 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. American National Bank & Trust increased its holdings in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 9.0% during the 4th quarter. American National Bank & Trust now owns 513,530 shares of the company’s stock worth $38,838,000 after acquiring an additional 42,212 shares during the period. Stephens Inc. AR boosted its holdings in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 114.0% in the 4th quarter. Stephens Inc. AR now owns 60,563 shares of the company’s stock valued at $4,580,000 after purchasing an additional 32,269 shares during the period. Elevation Point Wealth Partners LLC bought a new position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the 3rd quarter valued at $1,186,000. Vise Technologies Inc. purchased a new position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the 4th quarter valued at $1,278,000. Finally, Duncan Williams Asset Management LLC grew its position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 5.1% during the 4th quarter. Duncan Williams Asset Management LLC now owns 155,976 shares of the company’s stock valued at $12,321,000 after purchasing an additional 7,567 shares in the last quarter.

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

Shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF stock traded down $0.18 during trading hours on Friday, reaching $90.40. The company had a trading volume of 44,825 shares, compared to its average volume of 44,153. The firm has a market cap of $1.05 billion, a PE ratio of 15.78 and a beta of 1.04. Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF has a one year low of $66.81 and a one year high of $92.00. The business has a fifty day simple moving average of $86.84 and a 200 day simple moving average of $81.22.

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.