Goldman Sachs Dynamic California Municipal Income ETF (NYSEARCA:GCAL) Short Interest Update

Goldman Sachs Dynamic California Municipal Income ETF (NYSEARCA:GCAL) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 6,750 shares, a decline of 68.3% from the August 31st total of 21,294 shares. Based on an average trading volume of 34,108 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are short sold.

Goldman Sachs Dynamic California Municipal Income ETF Price Performance

Shares of NYSEARCA:GCAL traded down $0.27 on Friday, hitting $48.58. 94,922 shares of the company traded hands, compared to its average volume of 22,003. Goldman Sachs Dynamic California Municipal Income ETF has a 52 week low of $48.55 and a 52 week high of $52.09. The stock has a 50 day simple moving average of $50.14 and a 200-day simple moving average of $50.62.

Institutional Trading of Goldman Sachs Dynamic California Municipal Income ETF

Several institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. purchased a new stake in shares of Goldman Sachs Dynamic California Municipal Income ETF during the second quarter valued at approximately $1,149,000. Hennion & Walsh Asset Management Inc. purchased a new position in Goldman Sachs Dynamic California Municipal Income ETF in the 2nd quarter worth approximately $510,000. Sprinkle Financial Consultants LLC bought a new position in Goldman Sachs Dynamic California Municipal Income ETF in the 2nd quarter valued at approximately $312,000. Contango Wealth Management LLC lifted its position in Goldman Sachs Dynamic California Municipal Income ETF by 25.0% in the 1st quarter. Contango Wealth Management LLC now owns 7,569 shares of the company’s stock valued at $383,000 after acquiring an additional 1,515 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Goldman Sachs Dynamic California Municipal Income ETF in the 1st quarter valued at approximately $443,000.

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.