Short Interest in Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) Increases By 224.4%

Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,145 shares, a growth of 224.4% from the August 15th total of 353 shares. Based on an average daily volume of 24,097 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Trading of Goldman Sachs Innovate Equity ETF

Large investors have recently bought and sold shares of the business. Summa Corp. raised its stake in Goldman Sachs Innovate Equity ETF by 960.7% during the first quarter. Summa Corp. now owns 35,533 shares of the company’s stock worth $2,427,000 after acquiring an additional 32,183 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Goldman Sachs Innovate Equity ETF in the 4th quarter valued at approximately $1,347,000. Citadel Advisors LLC grew its holdings in shares of Goldman Sachs Innovate Equity ETF by 280.2% during the 3rd quarter. Citadel Advisors LLC now owns 23,692 shares of the company’s stock valued at $1,749,000 after purchasing an additional 17,461 shares during the last quarter. Flow Traders U.S. LLC grew its holdings in shares of Goldman Sachs Innovate Equity ETF by 253.9% during the 3rd quarter. Flow Traders U.S. LLC now owns 21,166 shares of the company’s stock valued at $1,563,000 after purchasing an additional 15,185 shares during the last quarter. Finally, Barclays PLC bought a new stake in shares of Goldman Sachs Innovate Equity ETF during the 4th quarter valued at approximately $392,000.

Goldman Sachs Innovate Equity ETF Stock Up 0.8%

Shares of GINN traded up $0.64 during midday trading on Friday, hitting $80.81. The company’s stock had a trading volume of 452 shares, compared to its average volume of 5,766. Goldman Sachs Innovate Equity ETF has a one year low of $65.63 and a one year high of $83.29. The company’s fifty day simple moving average is $80.53 and its two-hundred day simple moving average is $76.57. The stock has a market capitalization of $210.11 million, a price-to-earnings ratio of 23.29 and a beta of 1.15.

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.