Short Interest in Goldman Sachs Access High Yield Corporate Bond ETF (NYSEARCA:GHYB) Declines By 37.2%

Goldman Sachs Access High Yield Corporate Bond ETF (NYSEARCA:GHYB) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 7,277 shares, a decrease of 37.2% from the April 30th total of 11,584 shares. Based on an average daily trading volume, of 12,693 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GHYB. Bank of America Corp DE grew its position in Goldman Sachs Access High Yield Corporate Bond ETF by 233.7% during the third quarter. Bank of America Corp DE now owns 63,857 shares of the company’s stock worth $2,929,000 after buying an additional 44,721 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 17.6% in the fourth quarter. NewEdge Advisors LLC now owns 143,664 shares of the company’s stock valued at $6,511,000 after purchasing an additional 21,517 shares in the last quarter. Sage Rhino Capital LLC purchased a new stake in shares of Goldman Sachs Access High Yield Corporate Bond ETF in the first quarter valued at about $872,000. Goldman Sachs Group Inc. lifted its holdings in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 3.2% in the first quarter. Goldman Sachs Group Inc. now owns 407,397 shares of the company’s stock valued at $18,147,000 after purchasing an additional 12,785 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 30.9% in the first quarter. Jane Street Group LLC now owns 34,692 shares of the company’s stock valued at $1,545,000 after purchasing an additional 8,196 shares in the last quarter.

Goldman Sachs Access High Yield Corporate Bond ETF Stock Performance

Shares of GHYB opened at $44.70 on Friday. The firm’s 50-day moving average is $44.77 and its two-hundred day moving average is $45.12. Goldman Sachs Access High Yield Corporate Bond ETF has a twelve month low of $44.01 and a twelve month high of $45.91.

Goldman Sachs Access High Yield Corporate Bond ETF Company Profile

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.