GVIP Stock Summary and Trading Ideas (Goldman Sachs Hedge Industry Vip ETF | ARCA:GVIP)

Goldman Sachs Hedge Industry VIP ETF seeks to track the GS Hedge Fund VIP Index, which is constructed in accordance with a rules-based methodology derived from concepts previously developed by Goldman Sachs Global Investment Research division. The Index consists of fundamentally driven hedge fund managers Very-Important-Positions, which appear most frequently among their top 10 long equity holdings.

Goldman Sachs Hedge Industry Vip ETF trades on the ARCA stock market under the symbol GVIP.

As of June 14, 2024, GVIP stock price declined to $110.13 with 2,087 million shares trading.

GVIP has a market cap of $223.02 million. This is considered a Small Cap stock.

In the last 3 years, GVIP stock traded as high as $111.64 and as low as $65.34.

GVIP has outperformed the market in the last year with a return of +32.9%, while the SPY ETF gained +25.7%. However, in the most recent history, GVIP shares have underperformed the stock market with its stock returning +3.2% in the last 3 month period and +0.4% for the last 2 week period, while SPY has returned +6.0% and +2.9%, respectively.

GVIP support price is $109.62 and resistance is $111.82 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GVIP stock will trade within this expected range on the day.