Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) Short Interest Up 184.1% in May

Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 1,128 shares, a growth of 184.1% from the April 30th total of 397 shares. Based on an average daily trading volume, of 3,746 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Goldman Sachs Innovate Equity ETF

Hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its holdings in shares of Goldman Sachs Innovate Equity ETF by 33.4% in the 4th quarter. Cetera Investment Advisers now owns 11,194 shares of the company’s stock valued at $818,000 after buying an additional 2,803 shares during the period. LPL Financial LLC grew its holdings in Goldman Sachs Innovate Equity ETF by 10.5% during the fourth quarter. LPL Financial LLC now owns 7,967 shares of the company’s stock worth $582,000 after acquiring an additional 757 shares during the period. Susquehanna International Group LLP grew its holdings in Goldman Sachs Innovate Equity ETF by 21.0% during the third quarter. Susquehanna International Group LLP now owns 9,128 shares of the company’s stock worth $674,000 after acquiring an additional 1,585 shares during the period. Flow Traders U.S. LLC raised its position in Goldman Sachs Innovate Equity ETF by 253.9% during the third quarter. Flow Traders U.S. LLC now owns 21,166 shares of the company’s stock valued at $1,563,000 after acquiring an additional 15,185 shares in the last quarter. Finally, Citadel Advisors LLC raised its position in Goldman Sachs Innovate Equity ETF by 280.2% during the third quarter. Citadel Advisors LLC now owns 23,692 shares of the company’s stock valued at $1,749,000 after acquiring an additional 17,461 shares in the last quarter.

Goldman Sachs Innovate Equity ETF Stock Performance

Shares of NYSEARCA GINN opened at $80.03 on Monday. The company has a 50 day simple moving average of $73.66 and a two-hundred day simple moving average of $73.57. The stock has a market cap of $224.08 million, a price-to-earnings ratio of 23.29 and a beta of 1.14. Goldman Sachs Innovate Equity ETF has a 12 month low of $62.47 and a 12 month high of $80.24.

About Goldman Sachs Innovate Equity ETF

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.