Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) Sees Significant Growth in Short Interest

Goldman Sachs Access Investment Grade Corporate Bond ETF (NYSEARCA:GIGB) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 26,000 shares, a growth of 100.4% from the May 31st total of 12,974 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 58,509 shares, the days-to-cover ratio is currently 0.4 days.

Goldman Sachs Access Investment Grade Corporate Bond ETF Trading Up 0.2%

GIGB traded up $0.09 during midday trading on Thursday, hitting $45.74. The company had a trading volume of 16,048 shares, compared to its average volume of 101,503. The stock’s 50 day moving average price is $45.80 and its 200 day moving average price is $46.10. Goldman Sachs Access Investment Grade Corporate Bond ETF has a 52 week low of $45.14 and a 52 week high of $47.16.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GIGB. Geneos Wealth Management Inc. bought a new position in Goldman Sachs Access Investment Grade Corporate Bond ETF in the second quarter worth approximately $28,000. Hantz Financial Services Inc. acquired a new position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF during the fourth quarter worth approximately $30,000. Parallel Advisors LLC raised its position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF by 4,307.3% during the first quarter. Parallel Advisors LLC now owns 1,807 shares of the company’s stock worth $83,000 after purchasing an additional 1,766 shares during the period. Western Wealth Management LLC bought a new position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the 1st quarter worth $96,000. Finally, Cornerstone Planning Group LLC bought a new position in shares of Goldman Sachs Access Investment Grade Corporate Bond ETF in the 1st quarter worth $100,000.

Goldman Sachs Access Investment Grade Corporate Bond ETF Company Profile

The Goldman Sachs Access Investment Grade Corporate Bond ETF (GIGB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a broad-maturity, USD-denominated, investment-grade corporate bond index selected by operating margin and leverage. GIGB was launched on Jun 6, 2017 and is managed by Goldman Sachs.