Short Interest in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) Declines By 38.4%

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 27,507 shares, a drop of 38.4% from the July 30th total of 44,684 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 32,873 shares, the days-to-cover ratio is presently 0.8 days.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Price Performance

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF stock opened at $66.84 on Monday. The firm has a 50-day moving average price of $66.31 and a two-hundred day moving average price of $64.28. The firm has a market capitalization of $447.83 million, a price-to-earnings ratio of 35.28 and a beta of 1.18. Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF has a 52-week low of $55.70 and a 52-week high of $69.46.

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

A number of hedge funds have recently made changes to their positions in GGUS. Beacon Financial Advisory LLC boosted its position in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 10.3% during the second quarter. Beacon Financial Advisory LLC now owns 7,212 shares of the company’s stock worth $492,000 after buying an additional 675 shares during the period. CoreCap Advisors LLC raised its stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 25.7% during the 2nd quarter. CoreCap Advisors LLC now owns 44,745 shares of the company’s stock valued at $3,054,000 after acquiring an additional 9,138 shares in the last quarter. NewEdge Advisors LLC raised its stake in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 172.9% during the 1st quarter. NewEdge Advisors LLC now owns 33,808 shares of the company’s stock valued at $1,960,000 after acquiring an additional 21,418 shares in the last quarter. Keebeck Wealth Management boosted its position in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 15.2% during the 1st quarter. Keebeck Wealth Management now owns 55,203 shares of the company’s stock worth $3,201,000 after acquiring an additional 7,292 shares during the period. Finally, Cetera Investment Advisers boosted its position 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 acquiring an additional 7,235 shares during the period.

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.