Short Interest in Goldman Sachs Access High Yield Corporate Bond ETF (NYSEARCA:GHYB) Drops By 41.4%

Goldman Sachs Access High Yield Corporate Bond ETF (NYSEARCA:GHYB) was the recipient of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 6,552 shares, a decline of 41.4% from the January 15th total of 11,178 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 21,989 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 21,989 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Smithbridge Asset Management Inc. DE boosted its holdings in Goldman Sachs Access High Yield Corporate Bond ETF by 4.0% during the 4th quarter. Smithbridge Asset Management Inc. DE now owns 16,337 shares of the company’s stock valued at $740,000 after acquiring an additional 625 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 1.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 452,618 shares of the company’s stock valued at $20,513,000 after purchasing an additional 5,323 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 170.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,700 shares of the company’s stock valued at $122,000 after purchasing an additional 1,700 shares during the period. Advisory Services Network LLC grew its holdings in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 0.8% in the third quarter. Advisory Services Network LLC now owns 99,752 shares of the company’s stock valued at $4,576,000 after purchasing an additional 758 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 18.5% in the third quarter. NewEdge Advisors LLC now owns 122,147 shares of the company’s stock valued at $5,603,000 after purchasing an additional 19,044 shares in the last quarter.

Goldman Sachs Access High Yield Corporate Bond ETF Price Performance

GHYB stock traded up $0.04 during midday trading on Friday, hitting $45.40. 13,425 shares of the company’s stock were exchanged, compared to its average volume of 33,334. Goldman Sachs Access High Yield Corporate Bond ETF has a 1-year low of $42.16 and a 1-year high of $45.91. The business has a 50-day simple moving average of $45.48 and a two-hundred day simple moving average of $45.46.

Goldman Sachs Access High Yield Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were paid a $0.258 dividend. This is a positive change from Goldman Sachs Access High Yield Corporate Bond ETF’s previous monthly dividend of $0.25. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%.

About Goldman Sachs Access High Yield Corporate Bond ETF

The Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a broad-maturity, USD-denominated, high-yield corporate bond index selected by debt service and leverage. GHYB was launched on Sep 5, 2017 and is managed by Goldman Sachs.