Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Short Interest Up 51.5% in March

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 33,147 shares, a growth of 51.5% from the February 26th total of 21,876 shares. Based on an average daily volume of 42,851 shares, the short-interest ratio is currently 0.8 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GSSC. LPL Financial LLC raised its holdings 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 worth $69,633,000 after acquiring an additional 205,514 shares during the period. Betterment LLC boosted its stake in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 3.8% in the 3rd quarter. Betterment LLC now owns 791,873 shares of the company’s stock worth $59,303,000 after purchasing an additional 29,206 shares during the period. American National Bank & Trust increased its holdings in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 9.0% during the 4th quarter. American National Bank & Trust now owns 513,530 shares of the company’s stock worth $38,838,000 after purchasing an additional 42,212 shares in the last quarter. Bank of America Corp DE increased its holdings in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 60.8% during the 3rd quarter. Bank of America Corp DE now owns 509,254 shares of the company’s stock worth $38,138,000 after purchasing an additional 192,578 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 10.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 319,610 shares of the company’s stock valued at $23,936,000 after purchasing an additional 29,182 shares during the period.

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

Shares of GSSC opened at $73.20 on Monday. The stock has a 50 day simple moving average of $77.87 and a 200 day simple moving average of $76.40. Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF has a 52-week low of $54.91 and a 52-week high of $81.91. The firm has a market capitalization of $717.36 million, a PE ratio of 15.78 and a beta of 1.06.

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

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.