Short Interest in Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) Rises By 473.8%

Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 83,119 shares, a growth of 473.8% from the May 31st total of 14,485 shares. Approximately 1.6% of the company’s stock are sold short. Based on an average daily volume of 38,522 shares, the short-interest ratio is currently 2.2 days.

Goldman Sachs Municipal Income ETF Trading Down 0.1%

Goldman Sachs Municipal Income ETF stock traded down $0.04 during mid-day trading on Friday, hitting $51.42. 3,519 shares of the company’s stock were exchanged, compared to its average volume of 48,776. Goldman Sachs Municipal Income ETF has a 1-year low of $49.41 and a 1-year high of $52.23. The stock has a 50 day moving average of $51.23 and a two-hundred day moving average of $51.32.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. GGM Financials LLC acquired a new stake in Goldman Sachs Municipal Income ETF in the 4th quarter worth approximately $101,000. Signaturefd LLC bought a new position in shares of Goldman Sachs Municipal Income ETF in the fourth quarter valued at approximately $136,000. Gateway Wealth Partners LLC bought a new position in shares of Goldman Sachs Municipal Income ETF in the first quarter valued at approximately $201,000. Miller Capital Partners Inc. acquired a new stake in shares of Goldman Sachs Municipal Income ETF in the fourth quarter worth $305,000. Finally, WNY Asset Management LLC acquired a new stake in shares of Goldman Sachs Municipal Income ETF in the first quarter worth $343,000.

Goldman Sachs Municipal Income ETF Company Profile

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.