Goldman Sachs Dynamic California Municipal Income ETF (NYSEARCA:GCAL) Short Interest Down 53.0% in April

Goldman Sachs Dynamic California Municipal Income ETF (NYSEARCA:GCAL) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 14,516 shares, a decrease of 53.0% from the April 15th total of 30,894 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 13,579 shares, the short-interest ratio is currently 1.1 days.

Goldman Sachs Dynamic California Municipal Income ETF Stock Performance

Shares of Goldman Sachs Dynamic California Municipal Income ETF stock traded down $0.18 during trading on Friday, reaching $50.58. 12,028 shares of the stock were exchanged, compared to its average volume of 17,085. The stock’s fifty day moving average is $50.86 and its 200 day moving average is $51.01. Goldman Sachs Dynamic California Municipal Income ETF has a 1 year low of $49.20 and a 1 year high of $51.72.

Institutional Trading of Goldman Sachs Dynamic California Municipal Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Magnus Financial Group LLC lifted its holdings in Goldman Sachs Dynamic California Municipal Income ETF by 271.2% in the fourth quarter. Magnus Financial Group LLC now owns 16,707 shares of the company’s stock worth $850,000 after buying an additional 12,206 shares during the period. JPMorgan Chase & Co. purchased a new stake in Goldman Sachs Dynamic California Municipal Income ETF in the third quarter worth about $1,822,000. First American Trust FSB purchased a new stake in Goldman Sachs Dynamic California Municipal Income ETF in the third quarter worth about $2,598,000. Curated Wealth Partners LLC lifted its holdings in Goldman Sachs Dynamic California Municipal Income ETF by 234.0% in the fourth quarter. Curated Wealth Partners LLC now owns 142,768 shares of the company’s stock worth $7,268,000 after buying an additional 100,023 shares during the period. Finally, Weaver Consulting Group lifted its holdings in Goldman Sachs Dynamic California Municipal Income ETF by 130.8% in the third quarter. Weaver Consulting Group now owns 20,194 shares of the company’s stock worth $1,024,000 after buying an additional 11,444 shares during the period.

About Goldman Sachs Dynamic California Municipal Income ETF

The Goldman Sachs Dynamic California Municipal Income ETF (GCAL) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks a high level of current income by investing in municipal securities exempt from federal and California state income tax. The actively managed fund mainly holds investment grade bonds with a two- to eight-year duration GCAL was launched on Jul 23, 2024 and is issued by Goldman Sachs.