Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (NYSEARCA:GSIG) Sees Large Increase in Short Interest

Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (NYSEARCA:GSIG) saw a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 503 shares, an increase of 31.7% from the February 12th total of 382 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 2,538 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 2,538 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the company’s shares are short sold.

Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF Stock Up 0.2%

Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF stock opened at $47.38 on Tuesday. The business’s 50-day simple moving average is $47.72 and its 200 day simple moving average is $47.75. The stock has a market cap of $9.48 million, a price-to-earnings ratio of 48.35 and a beta of 0.12. Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF has a 12-month low of $46.70 and a 12-month high of $48.11.

Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were paid a dividend of $0.1326 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, March 2nd. Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF’s payout ratio is 217.35%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GSIG. Citadel Advisors LLC boosted its stake in Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF by 30.6% during the 3rd quarter. Citadel Advisors LLC now owns 19,890 shares of the company’s stock worth $952,000 after acquiring an additional 4,664 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF in the third quarter worth $834,000. Susquehanna International Group LLP acquired a new stake in Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF in the third quarter worth $432,000. Finally, Sanctuary Advisors LLC lifted its holdings in Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF by 3.2% during the fourth quarter. Sanctuary Advisors LLC now owns 7,009 shares of the company’s stock worth $334,000 after acquiring an additional 219 shares in the last quarter. Institutional investors and hedge funds own 77.18% of the company’s stock.

Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF Company Profile

The Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF (GSIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an market-value weighted index of fundamentally-selected US investment-grade corporate bonds, maturing between one to five years. GSIG was launched on Jul 7, 2020 and is managed by Goldman Sachs.