Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) Short Interest Down 57.2% in May

Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 13,373 shares, a decline of 57.2% from the April 30th total of 31,279 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 26,174 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Goldman Sachs Municipal Income ETF

Several hedge funds have recently bought and sold shares of GMUB. Betterment LLC grew its holdings in shares of Goldman Sachs Municipal Income ETF by 46.4% in the 3rd quarter. Betterment LLC now owns 775,892 shares of the company’s stock valued at $39,477,000 after buying an additional 245,844 shares during the period. GoalVest Advisory LLC lifted its holdings in Goldman Sachs Municipal Income ETF by 73.5% during the fourth quarter. GoalVest Advisory LLC now owns 271,777 shares of the company’s stock worth $13,912,000 after acquiring an additional 115,165 shares in the last quarter. Mirae Asset Securities USA Inc. acquired a new position in Goldman Sachs Municipal Income ETF in the first quarter valued at about $5,095,000. Flow Traders U.S. LLC grew its stake in Goldman Sachs Municipal Income ETF by 1,600.6% in the third quarter. Flow Traders U.S. LLC now owns 101,885 shares of the company’s stock valued at $5,183,000 after acquiring an additional 95,894 shares during the period. Finally, Capital Advisors Wealth Management LLC grew its stake in Goldman Sachs Municipal Income ETF by 473.6% in the fourth quarter. Capital Advisors Wealth Management LLC now owns 94,807 shares of the company’s stock valued at $4,853,000 after acquiring an additional 78,279 shares during the period.

Goldman Sachs Municipal Income ETF Stock Performance

Shares of NYSEARCA:GMUB traded down $0.07 during mid-day trading on Monday, reaching $51.23. The stock had a trading volume of 25,202 shares, compared to its average volume of 51,487. The firm has a 50 day simple moving average of $51.12 and a two-hundred day simple moving average of $51.29. Goldman Sachs Municipal Income ETF has a twelve month low of $48.95 and a twelve month high of $52.23.

About Goldman Sachs Municipal Income ETF

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.