Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) Sees Large Decline in Short Interest

Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 1,880 shares, a decrease of 91.3% from the August 31st total of 21,665 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 84,617 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Goldman Sachs Municipal Income ETF

Several large investors have recently made changes to their positions in GMUB. Gateway Wealth Partners LLC purchased a new stake in shares of Goldman Sachs Municipal Income ETF in the 1st quarter worth approximately $201,000. Breakwater Capital Group purchased a new stake in shares of Goldman Sachs Municipal Income ETF in the second quarter worth $332,000. WNY Asset Management LLC bought a new position in shares of Goldman Sachs Municipal Income ETF during the first quarter valued at $343,000. World Investment Advisors bought a new position in Goldman Sachs Municipal Income ETF in the 4th quarter worth about $375,000. Finally, Fifth Third Bancorp purchased a new stake in Goldman Sachs Municipal Income ETF during the 1st quarter valued at about $521,000.

Goldman Sachs Municipal Income ETF Stock Performance

Shares of GMUB stock traded down $0.25 during mid-day trading on Friday, reaching $48.92. 175,214 shares of the company’s stock traded hands, compared to its average volume of 69,625. The company’s 50-day moving average price is $50.46 and its 200-day moving average price is $50.96. Goldman Sachs Municipal Income ETF has a 12 month low of $48.91 and a 12 month high of $52.23.

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.