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

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) saw a significant decline in short interest in December. As of December 31st, there was short interest totaling 21,107 shares, a decline of 65.8% from the December 15th total of 61,635 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 57,842 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 57,842 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are sold short.

Goldman Sachs Access Investment Grade Corporate Bond ETF Trading Up 0.2%

Shares of GIGB traded up $0.09 during mid-day trading on Wednesday, reaching $46.53. The company had a trading volume of 156,411 shares, compared to its average volume of 102,212. Goldman Sachs Access Investment Grade Corporate Bond ETF has a twelve month low of $43.96 and a twelve month high of $47.16. The company’s 50-day moving average is $46.45 and its 200-day moving average is $46.35.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Orion Porfolio Solutions LLC boosted its stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 3.7% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 8,871 shares of the company’s stock valued at $414,000 after purchasing an additional 319 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF during the 2nd quarter worth about $28,000. Bristlecone Advisors LLC lifted its holdings in Goldman Sachs Access Investment Grade Corporate Bond ETF by 1.4% during the 2nd quarter. Bristlecone Advisors LLC now owns 49,033 shares of the company’s stock valued at $2,256,000 after purchasing an additional 659 shares during the last quarter. Note Advisors LLC boosted its position in Goldman Sachs Access Investment Grade Corporate Bond ETF by 4.7% in the third quarter. Note Advisors LLC now owns 17,206 shares of the company’s stock valued at $803,000 after buying an additional 773 shares in the last quarter. Finally, Private Trust Co. NA boosted its position in Goldman Sachs Access Investment Grade Corporate Bond ETF by 175.3% in the second quarter. Private Trust Co. NA now owns 1,346 shares of the company’s stock valued at $62,000 after buying an additional 857 shares in the last quarter.

Goldman Sachs Access Investment Grade Corporate Bond ETF Company Profile

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.