Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) Short Interest Down 64.4% in August

Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 24,625 shares, a decline of 64.4% from the July 30th total of 69,215 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 70,915 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Goldman Sachs Municipal Income ETF

Large investors have recently modified their holdings of the business. GoalVest Advisory LLC lifted its holdings in shares of Goldman Sachs Municipal Income ETF by 13.4% during the second quarter. GoalVest Advisory LLC now owns 348,570 shares of the company’s stock worth $17,930,000 after purchasing an additional 41,230 shares during the period. Breakwater Capital Group acquired a new stake in Goldman Sachs Municipal Income ETF in the second quarter valued at $332,000. WNY Asset Management LLC acquired a new stake in Goldman Sachs Municipal Income ETF in the first quarter valued at $343,000. Gateway Wealth Partners LLC bought a new position in Goldman Sachs Municipal Income ETF during the 1st quarter worth $201,000. Finally, Gentry Private Wealth LLC raised its position in Goldman Sachs Municipal Income ETF by 20.6% during the 1st quarter. Gentry Private Wealth LLC now owns 104,054 shares of the company’s stock worth $5,302,000 after purchasing an additional 17,805 shares during the last quarter.

Goldman Sachs Municipal Income ETF Price Performance

GMUB traded down $0.02 on Friday, reaching $50.66. The stock had a trading volume of 38,861 shares, compared to its average volume of 63,408. Goldman Sachs Municipal Income ETF has a fifty-two week low of $49.86 and a fifty-two week high of $52.23. The firm has a 50-day moving average of $51.02 and a 200-day moving average of $51.22.

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.