Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Short Interest Down 82.4% in August

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 12,280 shares, a drop of 82.4% from the July 30th total of 69,762 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 38,272 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC raised its stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 6.2% during the first quarter. Integrated Wealth Concepts LLC now owns 3,663 shares of the company’s stock worth $232,000 after acquiring an additional 213 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 5.0% in the 1st quarter. NewEdge Advisors LLC now owns 6,374 shares of the company’s stock valued at $404,000 after purchasing an additional 306 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 12.0% during the 2nd quarter. Raymond James Financial Inc. now owns 231,414 shares of the company’s stock valued at $15,877,000 after purchasing an additional 24,834 shares during the last quarter. Keebeck Wealth Management grew its holdings in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 172.4% during the 3rd quarter. Keebeck Wealth Management now owns 26,418 shares of the company’s stock valued at $1,978,000 after purchasing an additional 16,720 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 60.8% during the 3rd quarter. Bank of America Corp DE now owns 509,254 shares of the company’s stock worth $38,138,000 after purchasing an additional 192,578 shares in the last quarter.

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

GSSC traded down $0.96 during trading on Friday, hitting $90.28. 38,196 shares of the stock traded hands, compared to its average volume of 43,775. The business has a 50 day moving average price of $90.57 and a 200 day moving average price of $84.19. Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF has a twelve month low of $70.21 and a twelve month high of $92.84. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 15.78 and a beta of 1.04.

About Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

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.