Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) Sees Significant Increase in Short Interest

Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 29,951 shares, an increase of 1,493.1% from the September 15th total of 1,880 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 302,611 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Goldman Sachs Municipal Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of GMUB. Capital Advisors Wealth Management LLC grew its stake in shares of Goldman Sachs Municipal Income ETF by 12.5% in the third quarter. Capital Advisors Wealth Management LLC now owns 179,717 shares of the company’s stock worth $8,770,000 after purchasing an additional 20,027 shares during the last quarter. Breakwater Capital Group lifted its holdings in Goldman Sachs Municipal Income ETF by 516.8% in the 3rd quarter. Breakwater Capital Group now owns 39,828 shares of the company’s stock worth $1,944,000 after buying an additional 33,371 shares during the period. Colton Groome Financial Advisors LLC lifted its holdings in Goldman Sachs Municipal Income ETF by 6.8% in the 3rd quarter. Colton Groome Financial Advisors LLC now owns 18,940 shares of the company’s stock worth $924,000 after buying an additional 1,210 shares during the period. Heartwood Wealth Advisors LLC grew its position in shares of Goldman Sachs Municipal Income ETF by 0.8% in the 3rd quarter. Heartwood Wealth Advisors LLC now owns 501,612 shares of the company’s stock worth $24,479,000 after buying an additional 4,054 shares during the last quarter. Finally, GoalVest Advisory LLC grew its position in shares of Goldman Sachs Municipal Income ETF by 2.9% in the 3rd quarter. GoalVest Advisory LLC now owns 358,646 shares of the company’s stock worth $17,502,000 after buying an additional 10,076 shares during the last quarter.

Goldman Sachs Municipal Income ETF Trading Up 0.5%

NYSEARCA:GMUB traded up $0.25 during midday trading on Friday, reaching $48.97. 402,578 shares of the stock traded hands, compared to its average volume of 100,545. The company has a fifty day moving average of $50.02 and a 200 day moving average of $50.76. Goldman Sachs Municipal Income ETF has a 12 month low of $48.38 and a 12 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.