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 November 15, 2024, GVIP stock price declined to $124.18 with 5,061 million shares trading.

GVIP has a market cap of $316.66 million. This is considered a Small Cap stock.

In the last 3 years, GVIP traded as high as $128.23 and as low as $65.34.

GVIP has outperformed the market in the last year with a price return of +38.2% while the SPY ETF gained +32.1%. GVIP has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +11.9% and +3.7%, respectively, while the SPY returned +8.0% and +3.0%, respectively.

GVIP support price is $124.97 and resistance is $127.15 (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 shares will trade within this expected range on the day.