Goldman Sachs Dynamic California Municipal Income ETF (NYSEARCA:GCAL) Stock Short Interest Climbs 1,146.6%

Goldman Sachs Dynamic California Municipal Income ETF (NYSEARCA:GCAL) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 84,146 shares, an increase of 1,146.6% from the September 15th total of 6,750 shares. Based on an average daily volume of 89,573 shares, the days-to-cover ratio is presently 0.9 days. Approximately 2.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Goldman Sachs Dynamic California Municipal Income ETF

Several institutional investors have recently modified their holdings of the business. Sprinkle Financial Consultants LLC increased its position in shares of Goldman Sachs Dynamic California Municipal Income ETF by 336.1% during the third quarter. Sprinkle Financial Consultants LLC now owns 26,549 shares of the company’s stock valued at $1,288,000 after acquiring an additional 20,461 shares during the last quarter. Farther Finance Advisors LLC purchased a new position in Goldman Sachs Dynamic California Municipal Income ETF in the third quarter worth $48,000. Weaver Consulting Group grew its stake in Goldman Sachs Dynamic California Municipal Income ETF by 23.1% in the 3rd quarter. Weaver Consulting Group now owns 59,282 shares of the company’s stock valued at $2,875,000 after purchasing an additional 11,136 shares during the period. Envestnet Asset Management Inc. bought a new position in Goldman Sachs Dynamic California Municipal Income ETF in the 2nd quarter valued at $1,149,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Goldman Sachs Dynamic California Municipal Income ETF during the 2nd quarter valued at $510,000.

Goldman Sachs Dynamic California Municipal Income ETF Trading Up 0.2%

GCAL stock traded up $0.11 during trading on Friday, reaching $48.47. The stock had a trading volume of 43,669 shares, compared to its average volume of 26,531. Goldman Sachs Dynamic California Municipal Income ETF has a one year low of $48.00 and a one year high of $52.09. The company’s 50 day moving average is $49.71 and its two-hundred day moving average is $50.45.

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.