Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) Sees Significant Growth in Short Interest

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (NYSEARCA:GGUS) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 43,966 shares, a growth of 56.6% from the March 15th total of 28,079 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 18,032 shares, the days-to-cover ratio is presently 2.4 days.

Institutional Investors Weigh In On Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF

Several institutional investors have recently made changes to their positions in GGUS. Kestra Advisory Services LLC purchased a new position in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF in the 4th quarter valued at about $56,000. Transamerica Financial Advisors LLC grew its position in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 25.7% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,441 shares of the company’s stock worth $92,000 after buying an additional 295 shares during the period. Osaic Holdings Inc. increased its holdings in Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF by 18.1% in the second quarter. Osaic Holdings Inc. now owns 2,975 shares of the company’s stock valued at $172,000 after buying an additional 457 shares in the last quarter. Consolidated Portfolio Review Corp acquired a new stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF during the 3rd quarter valued at approximately $210,000. Finally, Perigon Wealth Management LLC acquired a new stake in shares of Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF during the 4th quarter valued at approximately $245,000.

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF Price Performance

Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF stock opened at $63.26 on Thursday. The stock’s 50 day moving average price is $60.29 and its 200 day moving average price is $62.45. Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF has a 1-year low of $45.24 and a 1-year high of $66.12. The company has a market cap of $430.17 million, a PE ratio of 35.28 and a beta of 1.18.

About Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF

The Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (GGUS) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large- and mid-cap stocks selected from the Russell 1000 Index with the highest growth characteristics based on Russells style methodology. GGUS was launched on Nov 28, 2023 and is issued by Goldman Sachs.