Goldman Sachs Access High Yield Corporate Bond ETF (NYSEARCA:GHYB) Sees Significant Increase in Short Interest

Goldman Sachs Access High Yield Corporate Bond ETF (NYSEARCA:GHYB) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 6,442 shares, an increase of 197.6% from the August 31st total of 2,165 shares. Based on an average daily trading volume, of 4,920 shares, the short-interest ratio is currently 1.3 days. Currently, 0.2% of the shares of the stock are sold short.

Goldman Sachs Access High Yield Corporate Bond ETF Price Performance

Shares of Goldman Sachs Access High Yield Corporate Bond ETF stock traded down $0.02 during trading hours on Friday, reaching $43.61. 16,405 shares of the company’s stock were exchanged, compared to its average volume of 15,133. The business has a fifty day moving average of $44.38 and a two-hundred day moving average of $44.60. Goldman Sachs Access High Yield Corporate Bond ETF has a 1 year low of $43.51 and a 1 year high of $45.87.

Institutional Investors Weigh In On Goldman Sachs Access High Yield Corporate Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its stake in Goldman Sachs Access High Yield Corporate Bond ETF by 4.3% during the second quarter. NewEdge Advisors LLC now owns 160,166 shares of the company’s stock worth $7,185,000 after buying an additional 6,653 shares during the period. Bank of America Corp DE lifted its holdings in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 27.5% in the 1st quarter. Bank of America Corp DE now owns 94,333 shares of the company’s stock worth $4,205,000 after acquiring an additional 20,352 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 3.4% in the 1st quarter. Sanctuary Advisors LLC now owns 34,366 shares of the company’s stock worth $1,532,000 after acquiring an additional 1,122 shares during the last quarter. Sage Rhino Capital LLC purchased a new position in shares of Goldman Sachs Access High Yield Corporate Bond ETF during the 1st quarter worth approximately $872,000. Finally, Smithbridge Asset Management Inc. DE boosted its position in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 4.0% during the 4th quarter. Smithbridge Asset Management Inc. DE now owns 16,337 shares of the company’s stock worth $740,000 after purchasing an additional 625 shares during the period.

About Goldman Sachs Access High Yield Corporate Bond ETF

The Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a broad-maturity, USD-denominated, high-yield corporate bond index selected by debt service and leverage. GHYB was launched on Sep 5, 2017 and is managed by Goldman Sachs.