Short Interest in Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) Grows By 87.2%

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (NYSEARCA:GSSC) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 41,000 shares, a growth of 87.2% from the September 30th total of 21,900 shares. Based on an average daily volume of 34,900 shares, the short-interest ratio is presently 1.2 days. Currently, 0.4% of the company’s stock are sold short. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 34,900 shares, the short-interest ratio is presently 1.2 days.

Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF Stock Performance

Shares of NYSEARCA GSSC opened at $74.66 on Friday. The stock has a market capitalization of $694.34 million, a PE ratio of 15.78 and a beta of 1.06. Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF has a 52 week low of $54.91 and a 52 week high of $77.21. The stock has a 50 day moving average price of $74.94 and a 200 day moving average price of $69.75.

Hedge Funds Weigh In On Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 11.7% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 43,556 shares of the company’s stock valued at $3,262,000 after purchasing an additional 4,546 shares in the last quarter. Janney Capital Management LLC acquired a new stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF in the 3rd quarter valued at $212,000. MGO One Seven LLC acquired a new stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the 3rd quarter valued at $213,000. ORG Wealth Partners LLC acquired a new stake in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF during the 3rd quarter valued at $945,000. Finally, CoreCap Advisors LLC boosted its holdings in shares of Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF by 3.9% during the 3rd quarter. CoreCap Advisors LLC now owns 39,591 shares of the company’s stock valued at $2,965,000 after acquiring an additional 1,470 shares in the last quarter.

About Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF

The Goldman Sachs ActiveBeta U.S. Small Cap Equity ETF (GSSC) is an exchange-traded fund that mostly invests in small-cap stocks. The fund tracks an index of US small-cap stocks. The index equally weights four factor-based sub-indices: value, momentum, quality, and low volatility. GSSC was launched on Jun 28, 2017 and is managed by Goldman Sachs.