Short Interest in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Declines By 45.8%

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 32,100 shares, a drop of 45.8% from the August 31st total of 59,200 shares. Based on an average daily volume of 34,500 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 34,500 shares, the short-interest ratio is currently 0.9 days.

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF Trading Up 0.6%

NYSEARCA GSSC opened at $75.59 on Monday. Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF has a 12 month low of $54.91 and a 12 month high of $77.21. The company has a market capitalization of $695.43 million, a PE ratio of 15.78 and a beta of 0.98. The stock has a 50-day simple moving average of $73.13 and a 200 day simple moving average of $67.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GSSC. Betterment LLC increased its stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 28.0% in the second quarter. Betterment LLC now owns 762,667 shares of the company’s stock valued at $52,327,000 after purchasing an additional 166,695 shares in the last quarter. Duncan Williams Asset Management LLC grew its stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 420.8% in the second quarter. Duncan Williams Asset Management LLC now owns 134,394 shares of the company’s stock valued at $9,221,000 after acquiring an additional 108,588 shares during the period. First Foundation Advisors increased its holdings in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 12.6% in the first quarter. First Foundation Advisors now owns 597,024 shares of the company’s stock worth $37,869,000 after acquiring an additional 66,661 shares in the last quarter. Hixon Zuercher LLC acquired a new stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the first quarter worth about $2,977,000. Finally, Strategic Financial Services Inc. lifted its holdings in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 79.4% during the 2nd quarter. Strategic Financial Services Inc. now owns 105,706 shares of the company’s stock valued at $7,252,000 after purchasing an additional 46,781 shares in the last quarter.

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.