Short Interest in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Drops By 61.1%

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) saw a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 11,037 shares, a drop of 61.1% from the January 29th total of 28,402 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 26,979 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 26,979 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

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

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF stock traded down $1.42 during midday trading on Friday, hitting $78.80. 26,104 shares of the company’s stock were exchanged, compared to its average volume of 70,562. The company has a market cap of $772.24 million, a P/E ratio of 15.78 and a beta of 1.06. The stock has a 50-day moving average price of $78.81 and a two-hundred day moving average price of $76.11. Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF has a 52-week low of $54.91 and a 52-week high of $81.91.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 850.0% in 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 last quarter. Optima Capital LLC purchased a new position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the 4th quarter worth $35,000. Montag A & Associates Inc. bought a new stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the fourth quarter worth $63,000. Worth Financial Advisory Group LLC bought a new stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the third quarter worth $201,000. Finally, Private Trust Co. NA boosted its position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 368.1% during the third quarter. Private Trust Co. NA now owns 2,804 shares of the company’s stock valued at $210,000 after buying an additional 2,205 shares during the period.

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.