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

Goldman Sachs Access High Yield Corporate Bond ETF (NYSEARCA:GHYB) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 23,681 shares, an increase of 175.3% from the June 15th total of 8,603 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 23,414 shares, the days-to-cover ratio is currently 1.0 days.

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

Several hedge funds and other institutional investors have recently bought and sold shares of GHYB. Bank of America Corp DE raised its stake 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 purchasing an additional 44,721 shares during the period. NewEdge Advisors LLC grew its stake in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 17.6% in the 4th quarter. NewEdge Advisors LLC now owns 143,664 shares of the company’s stock valued at $6,511,000 after buying an additional 21,517 shares during the period. Sage Rhino Capital LLC purchased a new stake in shares of Goldman Sachs Access High Yield Corporate Bond ETF in the 1st quarter valued at approximately $872,000. Goldman Sachs Group Inc. increased its holdings in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 3.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 407,397 shares of the company’s stock worth $18,147,000 after buying an additional 12,785 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Goldman Sachs Access High Yield Corporate Bond ETF by 30.9% during the 1st quarter. Jane Street Group LLC now owns 34,692 shares of the company’s stock worth $1,545,000 after buying an additional 8,196 shares during the last quarter.

Goldman Sachs Access High Yield Corporate Bond ETF Stock Down 0.2%

Shares of GHYB opened at $44.54 on Tuesday. Goldman Sachs Access High Yield Corporate Bond ETF has a 52-week low of $44.01 and a 52-week high of $45.91. The stock has a fifty day simple moving average of $44.73 and a two-hundred day simple moving average of $44.99.

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.