Short Interest in Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) Declines By 64.4%

Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 24,625 shares, a drop 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 presently 0.3 days.

Goldman Sachs Municipal Income ETF Trading Down 0.0%

GMUB stock opened at $50.66 on Friday. Goldman Sachs Municipal Income ETF has a 12-month low of $49.86 and a 12-month high of $52.23. The business’s 50-day moving average is $51.01 and its 200 day moving average is $51.21.

Hedge Funds Weigh In On Goldman Sachs Municipal Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Gentry Private Wealth LLC lifted its holdings in Goldman Sachs Municipal Income ETF by 20.6% in the 1st quarter. Gentry Private Wealth LLC now owns 104,054 shares of the company’s stock valued at $5,302,000 after purchasing an additional 17,805 shares in the last quarter. Johnson Bixby & Associates LLC purchased a new stake in shares of Goldman Sachs Municipal Income ETF during the first quarter worth $849,000. Fifth Third Bancorp purchased a new stake in shares of Goldman Sachs Municipal Income ETF during the first quarter worth $521,000. Retirement Planning Group LLC raised its position in shares of Goldman Sachs Municipal Income ETF by 37.9% in the first quarter. Retirement Planning Group LLC now owns 122,173 shares of the company’s stock valued at $6,225,000 after buying an additional 33,582 shares during the last quarter. Finally, Colton Groome Financial Advisors LLC acquired a new stake in shares of Goldman Sachs Municipal Income ETF in the fourth quarter valued at about $584,000.

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.