Short Interest in Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Drops By 47.5%

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 20,526 shares, a decline of 47.5% from the July 15th total of 39,130 shares. Based on an average daily volume of 12,330 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE lifted its position in Goldman Sachs Hedge Industry VIP ETF by 7.1% during the first quarter. Bank of America Corp DE now owns 173,420 shares of the company’s stock worth $25,272,000 after acquiring an additional 11,505 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Goldman Sachs Hedge Industry VIP ETF by 100.4% in the first quarter. NewEdge Advisors LLC now owns 91,780 shares of the company’s stock valued at $13,375,000 after purchasing an additional 45,992 shares during the last quarter. LPL Financial LLC grew its position in shares of Goldman Sachs Hedge Industry VIP ETF by 6.0% in the fourth quarter. LPL Financial LLC now owns 81,040 shares of the company’s stock valued at $12,553,000 after purchasing an additional 4,558 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of Goldman Sachs Hedge Industry VIP ETF by 29.8% during the third quarter. Raymond James Financial Inc. now owns 54,028 shares of the company’s stock worth $8,280,000 after purchasing an additional 12,404 shares during the period. Finally, Texas Yale Capital Corp. lifted its holdings in Goldman Sachs Hedge Industry VIP ETF by 3.4% during the 4th quarter. Texas Yale Capital Corp. now owns 47,736 shares of the company’s stock worth $7,394,000 after purchasing an additional 1,548 shares during the last quarter.

Goldman Sachs Hedge Industry VIP ETF Trading Down 3.0%

Shares of NYSEARCA:GVIP traded down $5.27 on Tuesday, hitting $173.25. The company had a trading volume of 3,720 shares, compared to its average volume of 12,508. The stock has a market cap of $571.73 million, a price-to-earnings ratio of 28.77 and a beta of 1.09. The stock has a 50 day moving average price of $177.26 and a 200 day moving average price of $166.74. Goldman Sachs Hedge Industry VIP ETF has a 1-year low of $138.35 and a 1-year high of $192.13.

About Goldman Sachs Hedge Industry VIP ETF

The Goldman Sachs Hedge Industry VIP ETF (GVIP) is an exchange-traded fund that is based on the Goldman Sachs Hedge Fund VIP index. The fund tracks an equal-weighted index of the 50 most-frequently held US companies selected from the portfolios of hedge funds. GVIP was launched on Nov 1, 2016 and is managed by Goldman Sachs.