Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) Short Interest Up 233.5% in June

Goldman Sachs Innovate Equity ETF (NYSEARCA:GINN) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 3,192 shares, a growth of 233.5% from the May 31st total of 957 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 2,811 shares, the short-interest ratio is presently 1.1 days.

Hedge Funds Weigh In On Goldman Sachs Innovate Equity ETF

Several hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Goldman Sachs Innovate Equity ETF in the fourth quarter valued at about $1,347,000. Farther Finance Advisors LLC increased its stake in shares of Goldman Sachs Innovate Equity ETF by 4.2% during the 4th quarter. Farther Finance Advisors LLC now owns 7,139 shares of the company’s stock worth $522,000 after purchasing an additional 290 shares in the last quarter. Highland Financial Advisors LLC raised its position in shares of Goldman Sachs Innovate Equity ETF by 0.9% during the 4th quarter. Highland Financial Advisors LLC now owns 237,558 shares of the company’s stock worth $17,366,000 after purchasing an additional 2,078 shares during the last quarter. Susquehanna International Group LLP raised its position in shares of Goldman Sachs Innovate Equity ETF by 21.0% during the 3rd quarter. Susquehanna International Group LLP now owns 9,128 shares of the company’s stock worth $674,000 after purchasing an additional 1,585 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in Goldman Sachs Innovate Equity ETF by 2.1% in the 3rd quarter. Raymond James Financial Inc. now owns 18,078 shares of the company’s stock valued at $1,335,000 after buying an additional 375 shares in the last quarter.

Goldman Sachs Innovate Equity ETF Stock Up 1.2%

Shares of GINN stock opened at $78.25 on Tuesday. The stock has a market cap of $219.10 million, a P/E ratio of 23.29 and a beta of 1.15. Goldman Sachs Innovate Equity ETF has a fifty-two week low of $65.63 and a fifty-two week high of $80.98. The business has a fifty day simple moving average of $77.11 and a 200-day simple moving average of $74.23.

Goldman Sachs Innovate Equity ETF Company Profile

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.