Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) Short Interest Up 224.4% in August

by · The Markets Daily

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GINN. Bank of America Corp DE increased its holdings in shares of Goldman Sachs Innovate Equity ETF by 2.7% in the third quarter. Bank of America Corp DE now owns 36,252 shares of the company’s stock valued at $2,677,000 after purchasing an additional 959 shares during the last quarter. Summa Corp. boosted 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 buying an additional 32,183 shares during the last quarter. Citadel Advisors LLC grew its holdings in Goldman Sachs Innovate Equity ETF by 280.2% in the 3rd quarter. Citadel Advisors LLC now owns 23,692 shares of the company’s stock valued at $1,749,000 after buying an additional 17,461 shares in the last quarter. Flow Traders U.S. LLC grew its holdings in Goldman Sachs Innovate Equity ETF by 253.9% in the 3rd quarter. Flow Traders U.S. LLC now owns 21,166 shares of the company’s stock valued at $1,563,000 after buying an additional 15,185 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Goldman Sachs Innovate Equity ETF in the 4th quarter valued at $1,347,000.

Goldman Sachs Innovate Equity ETF Price Performance

GINN traded up $0.64 on Friday, reaching $80.81. 452 shares of the company’s stock were exchanged, compared to its average volume of 5,766. Goldman Sachs Innovate Equity ETF has a twelve month low of $65.63 and a twelve month high of $83.29. The stock has a market cap of $210.11 million, a PE ratio of 23.29 and a beta of 1.15. The stock’s fifty day moving average price is $80.53 and its 200-day moving average price is $76.57.

Goldman Sachs Innovate Equity ETF Company Profile

(Get Free Report)

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.

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