Goldman Sachs Dynamic California Municipal Income ETF (NYSEARCA:GCAL) Shares Shorted: Short Interest Down 68.3% in September

Goldman Sachs Dynamic California Municipal Income ETF (NYSEARCA:GCAL) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 6,750 shares, a decline of 68.3% from the August 31st total of 21,294 shares. Based on an average daily volume of 34,108 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s stock are short sold.

Goldman Sachs Dynamic California Municipal Income ETF Price Performance

GCAL traded down $0.27 during midday trading on Friday, hitting $48.58. 94,922 shares of the company traded hands, compared to its average volume of 22,003. The company’s 50-day moving average is $50.14 and its 200 day moving average is $50.62. Goldman Sachs Dynamic California Municipal Income ETF has a 52 week low of $48.55 and a 52 week high of $52.09.

Institutional Investors Weigh In On Goldman Sachs Dynamic California Municipal Income ETF

A number of large investors have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in Goldman Sachs Dynamic California Municipal Income ETF during the first quarter valued at approximately $99,000. Sage Rhino Capital LLC bought a new position in Goldman Sachs Dynamic California Municipal Income ETF in the first quarter worth approximately $229,000. Sprinkle Financial Consultants LLC purchased a new position in shares of Goldman Sachs Dynamic California Municipal Income ETF during the 2nd quarter worth $312,000. Contango Wealth Management LLC boosted its stake in shares of Goldman Sachs Dynamic California Municipal Income ETF by 25.0% during the 1st quarter. Contango Wealth Management LLC now owns 7,569 shares of the company’s stock worth $383,000 after acquiring an additional 1,515 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Goldman Sachs Dynamic California Municipal Income ETF during the 1st quarter worth $443,000.

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.