Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Short Interest Up 258.1% in May

by · The Cerbat Gem

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC – Get Free Report) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 71,576 shares, a growth of 258.1% from the April 30th total of 19,989 shares. Based on an average trading volume of 25,864 shares, the short-interest ratio is presently 2.8 days. Approximately 0.6% of the shares of the company are short sold.

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

GSSC stock traded down $0.32 during mid-day trading on Friday, reaching $86.30. 12,753 shares of the company traded hands, compared to its average volume of 47,153. The company has a market capitalization of $992.45 million, a P/E ratio of 15.78 and a beta of 1.06. Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF has a 52-week low of $64.77 and a 52-week high of $86.74. The company has a fifty day moving average price of $80.31 and a 200-day moving average price of $78.31.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. LPL Financial LLC boosted its stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 28.7% during the fourth quarter. LPL Financial LLC now owns 920,707 shares of the company’s stock valued at $69,633,000 after purchasing an additional 205,514 shares during the period. Betterment LLC boosted its stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 3.8% during the third quarter. Betterment LLC now owns 791,873 shares of the company’s stock valued at $59,303,000 after purchasing an additional 29,206 shares during the period. American National Bank & Trust raised its holdings in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 9.0% during the fourth quarter. American National Bank & Trust now owns 513,530 shares of the company’s stock valued at $38,838,000 after acquiring an additional 42,212 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 60.8% during the third quarter. Bank of America Corp DE now owns 509,254 shares of the company’s stock valued at $38,138,000 after acquiring an additional 192,578 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 10.0% during the third quarter. Envestnet Asset Management Inc. now owns 319,610 shares of the company’s stock valued at $23,936,000 after acquiring an additional 29,182 shares in the last quarter.

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

(Get Free Report)

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.

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