Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) Shares Shorted: Short Interest Up 454.7% in October

Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 124,723 shares, an increase of 454.7% from the October 15th total of 22,484 shares. Based on an average daily volume of 363,642 shares, the short-interest ratio is presently 0.3 days. Currently, 0.9% of the company’s shares are sold short.

Goldman Sachs Municipal Income ETF Price Performance

Shares of NYSEARCA:GMUB traded up $0.10 during trading on Wednesday, hitting $50.63. The company had a trading volume of 67,258 shares, compared to its average volume of 127,627. Goldman Sachs Municipal Income ETF has a one year low of $48.38 and a one year high of $52.23. The company has a fifty day simple moving average of $49.66 and a two-hundred day simple moving average of $50.84.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Composition Wealth LLC purchased a new position in Goldman Sachs Municipal Income ETF during the 3rd quarter valued at $49,846,000. Peak Financial Advisors LLC bought a new position in Goldman Sachs Municipal Income ETF in the 3rd quarter worth about $12,569,000. Private Advisor Group LLC bought a new position in Goldman Sachs Municipal Income ETF in the 3rd quarter worth about $11,475,000. Retirement Planning Group LLC purchased a new position in shares of Goldman Sachs Municipal Income ETF during the third quarter worth approximately $7,895,000. Finally, Sowell Financial Services LLC purchased a new position in shares of Goldman Sachs Municipal Income ETF during the third quarter worth approximately $3,650,000.

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.