Short Interest in Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) Grows By 35.1%

Goldman Sachs Hedge Industry VIP ETF (NYSEARCA:GVIP) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 11,043 shares, a growth of 35.1% from the January 29th total of 8,174 shares. Based on an average daily volume of 12,126 shares, the short-interest ratio is presently 0.9 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 12,126 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GVIP. Royal Harbor Partners LLC acquired a new stake in shares of Goldman Sachs Hedge Industry VIP ETF in the 4th quarter valued at $1,765,000. Cetera Investment Advisers bought a new position in Goldman Sachs Hedge Industry VIP ETF during the 4th quarter valued at about $374,000. Osaic Holdings Inc. boosted its position in Goldman Sachs Hedge Industry VIP ETF by 6.1% in the fourth quarter. Osaic Holdings Inc. now owns 27,327 shares of the company’s stock valued at $4,233,000 after buying an additional 1,562 shares in the last quarter. MML Investors Services LLC boosted its position in Goldman Sachs Hedge Industry VIP ETF by 13.5% in the fourth quarter. MML Investors Services LLC now owns 4,154 shares of the company’s stock valued at $643,000 after buying an additional 493 shares in the last quarter. Finally, Mariner LLC grew its stake in Goldman Sachs Hedge Industry VIP ETF by 4.7% during the fourth quarter. Mariner LLC now owns 2,066 shares of the company’s stock worth $320,000 after buying an additional 92 shares during the last quarter.

Goldman Sachs Hedge Industry VIP ETF Stock Performance

NYSEARCA GVIP traded up $1.70 during trading on Wednesday, reaching $153.60. 5,059 shares of the company traded hands, compared to its average volume of 11,762. Goldman Sachs Hedge Industry VIP ETF has a 1-year low of $100.33 and a 1-year high of $163.41. The company has a market cap of $445.44 million, a price-to-earnings ratio of 28.77 and a beta of 1.06. The stock’s 50 day moving average price is $157.81 and its two-hundred day moving average price is $153.41.

Goldman Sachs Hedge Industry VIP ETF Company Profile

The Goldman Sachs Hedge Industry VIP ETF (GVIP) is an exchange-traded fund that is based on the Goldman Sachs Hedge Fund VIP index. The fund tracks an equal-weighted index of the 50 most-frequently held US companies selected from the portfolios of hedge funds. GVIP was launched on Nov 1, 2016 and is managed by Goldman Sachs.