Goldman Sachs Ultra Short Bond ETF (BATS:GSST – Get Free Report) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 189,795 shares, an increase of 101.6% from the June 15th total of 94,166 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average daily volume of 257,806 shares, the days-to-cover ratio is presently 0.7 days.
Goldman Sachs Ultra Short Bond ETF Stock Performance
BATS GSST opened at $50.47 on Wednesday. Goldman Sachs Ultra Short Bond ETF has a 52 week low of $50.35 and a 52 week high of $50.83. The company has a 50-day moving average price of $50.48 and a two-hundred day moving average price of $50.52.
Hedge Funds Weigh In On Goldman Sachs Ultra Short Bond ETF
Several hedge funds and other institutional investors have recently made changes to their positions in GSST. Brookwood Investment Group LLC bought a new position in shares of Goldman Sachs Ultra Short Bond ETF in the fourth quarter valued at approximately $1,008,000. UBS Group AG raised its holdings in Goldman Sachs Ultra Short Bond ETF by 31.5% during the fourth quarter. UBS Group AG now owns 565,257 shares of the company’s stock worth $28,529,000 after purchasing an additional 135,510 shares in the last quarter. Redhawk Wealth Advisors Inc. acquired a new stake in Goldman Sachs Ultra Short Bond ETF in the fourth quarter worth approximately $12,698,000. CWM LLC lifted its position in Goldman Sachs Ultra Short Bond ETF by 4.4% in the fourth quarter. CWM LLC now owns 1,242,300 shares of the company’s stock worth $62,699,000 after purchasing an additional 52,499 shares during the period. Finally, Mainstream Capital Management LLC lifted its position in Goldman Sachs Ultra Short Bond ETF by 264.4% in the fourth quarter. Mainstream Capital Management LLC now owns 126,161 shares of the company’s stock worth $6,367,000 after purchasing an additional 91,541 shares during the period.
About Goldman Sachs Ultra Short Bond ETF
The Goldman Sachs Access Ultra Short Bond ETF (GSST) is an exchange-traded fund that is based on the FTSE 3 Month T-Bill index. The fund is an actively-managed ETF that seeks to provide current income with preservation of capital by investing in a broad range of USD-denominated ultra-short-term bonds. GSST was launched on Apr 15, 2019 and is managed by Goldman Sachs.
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