Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) Short Interest Up 67.1% in July

Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 33,313 shares, a growth of 67.1% from the June 30th total of 19,937 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 33,794 shares, the short-interest ratio is currently 1.0 days.

Goldman Sachs Municipal Income ETF Price Performance

Shares of NYSEARCA:GMUB remained flat at $50.75 during trading on Friday. The stock had a trading volume of 113,930 shares, compared to its average volume of 49,081. Goldman Sachs Municipal Income ETF has a 1 year low of $49.68 and a 1 year high of $52.23. The business’s 50-day moving average price is $51.20 and its 200-day moving average price is $51.31.

Hedge Funds Weigh In On Goldman Sachs Municipal Income ETF

A number of institutional investors have recently bought and sold shares of GMUB. Mirae Asset Securities USA Inc. purchased a new stake in shares of Goldman Sachs Municipal Income ETF in the 1st quarter valued at $5,095,000. Capital Advisors Wealth Management LLC raised its holdings in shares of Goldman Sachs Municipal Income ETF by 473.6% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 94,807 shares of the company’s stock worth $4,853,000 after purchasing an additional 78,279 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in Goldman Sachs Municipal Income ETF during the fourth quarter valued at $3,123,000. Pinion Investment Advisors LLC lifted its position in Goldman Sachs Municipal Income ETF by 71.2% during the fourth quarter. Pinion Investment Advisors LLC now owns 136,311 shares of the company’s stock valued at $6,978,000 after purchasing an additional 56,673 shares during the period. Finally, Betterment LLC boosted its holdings in Goldman Sachs Municipal Income ETF by 7.2% in the fourth quarter. Betterment LLC now owns 831,786 shares of the company’s stock valued at $42,579,000 after purchasing an additional 55,894 shares during the last quarter.

Goldman Sachs Municipal Income ETF Company Profile

The Goldman Sachs Municipal Income ETF (GMUB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that focuses on municipal securities, which are exempt from federal income tax. The fund aims to provide diversified exposure and high current income GMUB was launched on Jul 23, 2024 and is issued by Goldman Sachs.