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

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

Goldman Sachs Municipal Income ETF Stock Performance

NYSEARCA:GMUB traded down $0.02 on Friday, reaching $50.66. 38,861 shares of the stock traded hands, compared to its average volume of 63,408. Goldman Sachs Municipal Income ETF has a 1-year low of $49.86 and a 1-year high of $52.23. The company’s 50 day moving average is $51.02 and its 200-day moving average is $51.22.

Institutional Investors Weigh In On Goldman Sachs Municipal Income ETF

Several large investors have recently modified their holdings of the company. Gentry Private Wealth LLC raised its stake in Goldman Sachs Municipal Income ETF by 20.6% during the first quarter. Gentry Private Wealth LLC now owns 104,054 shares of the company’s stock worth $5,302,000 after buying an additional 17,805 shares during the last quarter. Johnson Bixby & Associates LLC bought a new stake in Goldman Sachs Municipal Income ETF during the first quarter valued at $849,000. Fifth Third Bancorp acquired a new stake in Goldman Sachs Municipal Income ETF during the 1st quarter worth about $521,000. Retirement Planning Group LLC grew its holdings in Goldman Sachs Municipal Income ETF by 37.9% during the 1st quarter. Retirement Planning Group LLC now owns 122,173 shares of the company’s stock worth $6,225,000 after acquiring an additional 33,582 shares during the period. Finally, Colton Groome Financial Advisors LLC bought a new position in shares of Goldman Sachs Municipal Income ETF in the 4th quarter worth about $584,000.

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.