Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) Short Interest Down 38.3% in May

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 10,708 shares, a decline of 38.3% from the May 14th total of 17,347 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 13,618 shares, the short-interest ratio is presently 0.8 days.

Institutional Investors Weigh In On Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its holdings in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 2.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,459,078 shares of the company’s stock worth $220,205,000 after buying an additional 75,828 shares during the period. LPL Financial LLC lifted its holdings in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 3.8% during the 4th quarter. LPL Financial LLC now owns 1,084,098 shares of the company’s stock worth $69,014,000 after buying an additional 39,391 shares during the period. Principal Securities Inc. lifted its holdings in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 1.6% during the 4th quarter. Principal Securities Inc. now owns 214,241 shares of the company’s stock worth $13,639,000 after buying an additional 3,433 shares during the period. Cetera Investment Advisers lifted its holdings in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 5.7% during the 1st quarter. Cetera Investment Advisers now owns 134,681 shares of the company’s stock worth $7,809,000 after buying an additional 7,235 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 21.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 119,450 shares of the company’s stock worth $7,604,000 after buying an additional 21,466 shares during the period.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Price Performance

Shares of GGUS stock opened at $66.26 on Monday. The firm has a market capitalization of $437.32 million, a P/E ratio of 35.28 and a beta of 1.16. Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF has a twelve month low of $55.15 and a twelve month high of $69.46. The stock’s fifty day simple moving average is $64.98 and its 200 day simple moving average is $63.17.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Company Profile

The Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (GGUS) 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 growth characteristics based on Russells style methodology. GGUS was launched on Nov 28, 2023 and is issued by Goldman Sachs.