Short Interest in Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (NYSEARCA:GVUS) Declines By 52.3%

Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (NYSEARCA:GVUS) was the recipient of a large drop in short interest in January. As of January 30th, there was short interest totaling 1,121 shares, a drop of 52.3% from the January 15th total of 2,348 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,057 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 2,057 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its holdings in shares of Goldman Sachs MarketBeta Russell 1000 Value Equity ETF by 0.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,622,849 shares of the company’s stock valued at $358,124,000 after purchasing an additional 31,883 shares during the last quarter. Sowell Financial Services LLC boosted its position in Goldman Sachs MarketBeta Russell 1000 Value Equity ETF by 40.3% in the fourth quarter. Sowell Financial Services LLC now owns 25,498 shares of the company’s stock valued at $1,379,000 after buying an additional 7,318 shares in the last quarter. MGO One Seven LLC bought a new stake in shares of Goldman Sachs MarketBeta Russell 1000 Value Equity ETF during the third quarter worth $275,000. Finally, Flow Traders U.S. LLC acquired a new position in shares of Goldman Sachs MarketBeta Russell 1000 Value Equity ETF during the second quarter worth $674,000.

Goldman Sachs MarketBeta Russell 1000 Value Equity ETF Stock Up 0.6%

Shares of GVUS traded up $0.35 during midday trading on Friday, hitting $57.45. The company’s stock had a trading volume of 277 shares, compared to its average volume of 5,493. Goldman Sachs MarketBeta Russell 1000 Value Equity ETF has a one year low of $42.81 and a one year high of $57.79. The stock has a market capitalization of $413.64 million, a price-to-earnings ratio of 19.27 and a beta of 0.83. The company’s fifty day simple moving average is $55.58 and its two-hundred day simple moving average is $53.29.

About Goldman Sachs MarketBeta Russell 1000 Value Equity ETF

The Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large- and mid-cap stocks selected from the Russell 1000 Index with the highest value characteristics based on Russells style methodology. GVUS was launched on Nov 28, 2023 and is issued by Goldman Sachs.