Short Interest in Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) Grows By 233.5%

Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 3,192 shares, an increase of 233.5% from the May 31st total of 957 shares. Based on an average daily volume of 2,811 shares, the short-interest ratio is presently 1.1 days. Currently, 0.1% of the shares of the company are sold short.

Goldman Sachs Innovate Equity ETF Stock Performance

Shares of GINN traded up $0.87 during trading hours on Friday, hitting $77.29. 583 shares of the stock were exchanged, compared to its average volume of 4,768. The stock’s 50-day moving average price is $77.03 and its two-hundred day moving average price is $74.21. The company has a market cap of $216.41 million, a price-to-earnings ratio of 23.29 and a beta of 1.15. Goldman Sachs Innovate Equity ETF has a 12-month low of $65.63 and a 12-month high of $80.98.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cassaday & Co Wealth Management LLC acquired a new position in Goldman Sachs Innovate Equity ETF during the 1st quarter worth $127,000. Barclays PLC acquired a new stake in Goldman Sachs Innovate Equity ETF during the fourth quarter worth approximately $392,000. Farther Finance Advisors LLC raised its holdings in Goldman Sachs Innovate Equity ETF by 4.2% during the fourth quarter. Farther Finance Advisors LLC now owns 7,139 shares of the company’s stock worth $522,000 after purchasing an additional 290 shares in the last quarter. LPL Financial LLC lifted its position in shares of Goldman Sachs Innovate Equity ETF by 10.5% during the 4th quarter. LPL Financial LLC now owns 7,967 shares of the company’s stock worth $582,000 after buying an additional 757 shares during the last quarter. Finally, Susquehanna International Group LLP lifted its position in shares of Goldman Sachs Innovate Equity ETF by 21.0% during the 3rd quarter. Susquehanna International Group LLP now owns 9,128 shares of the company’s stock worth $674,000 after buying an additional 1,585 shares during the last quarter.

About Goldman Sachs Innovate Equity ETF

The Goldman Sachs Innovate Equity ETF (GINN) is an exchange-traded fund that is based on the Solactive Innovative Global Equity index. The fund selects companies globally, believed to benefit from technological innovation and changes in the economy across five themes: data, finance, human evolution, manufacturing, and shifts with consumers. GINN was launched on Nov 6, 2020 and is managed by Goldman Sachs.