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 recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 21,269 shares, a drop of 43.4% from the December 31st total of 37,577 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 39,201 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 39,201 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 850.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 399 shares of the company’s stock worth $30,000 after acquiring an additional 357 shares during the period. Optima Capital LLC bought a new position in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the fourth quarter worth $35,000. Private Trust Co. NA increased its holdings in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 49.8% in the 2nd quarter. Private Trust Co. NA now owns 599 shares of the company’s stock valued at $41,000 after buying an additional 199 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the 2nd quarter worth approximately $45,000. Finally, Worth Financial Advisory Group LLC acquired a new stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the 3rd quarter valued at $201,000.

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

GSSC traded down $0.89 during trading on Friday, reaching $78.60. 32,529 shares of the company’s stock were exchanged, compared to its average volume of 107,586. Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF has a fifty-two week low of $54.91 and a fifty-two week high of $81.91. The firm has a market capitalization of $770.28 million, a PE ratio of 15.78 and a beta of 1.06. The company’s fifty day moving average price is $77.57 and its 200-day moving average price is $74.70.

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF Company Profile

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.