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

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 130,182 shares, a growth of 67.6% from the September 30th total of 77,695 shares. Based on an average daily trading volume, of 185,671 shares, the short-interest ratio is presently 0.7 days. Approximately 0.6% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rogco LP acquired a new stake in Goldman Sachs Access Investment Grade Corporate Bond ETF during the second quarter worth about $73,000. Parallel Advisors LLC raised its holdings in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 4,307.3% in the 1st quarter. Parallel Advisors LLC now owns 1,807 shares of the company’s stock worth $83,000 after purchasing an additional 1,766 shares during the period. Western Wealth Management LLC purchased a new position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the 1st quarter worth about $96,000. Cornerstone Planning Group LLC acquired a new position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the 1st quarter valued at about $100,000. Finally, Ashton Thomas Private Wealth LLC lifted its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 23.6% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 4,992 shares of the company’s stock valued at $217,000 after purchasing an additional 954 shares in the last quarter.

Goldman Sachs Access Investment Grade Corporate Bond ETF Stock Performance

GIGB stock opened at $44.06 on Wednesday. The business has a fifty day simple moving average of $44.14 and a 200-day simple moving average of $45.39. Goldman Sachs Access Investment Grade Corporate Bond ETF has a 52 week low of $43.15 and a 52 week high of $46.91.

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.