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

Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 19,937 shares, a decline of 76.0% from the June 15th total of 83,119 shares. Based on an average trading volume of 31,428 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Asio Capital LLC acquired a new stake in shares of Goldman Sachs Municipal Income ETF during the fourth quarter valued at about $697,000. Redhawk Wealth Advisors Inc. purchased a new position in shares of Goldman Sachs Municipal Income ETF during the 4th quarter worth approximately $1,681,000. Gentry Private Wealth LLC boosted its position in shares of Goldman Sachs Municipal Income ETF by 73.2% during the 4th quarter. Gentry Private Wealth LLC now owns 86,249 shares of the company’s stock worth $4,415,000 after purchasing an additional 36,450 shares during the period. JPMorgan Chase & Co. acquired a new stake in Goldman Sachs Municipal Income ETF in the 3rd quarter valued at approximately $1,906,000. Finally, Flow Traders U.S. LLC raised its position in Goldman Sachs Municipal Income ETF by 1,600.6% in the third quarter. Flow Traders U.S. LLC now owns 101,885 shares of the company’s stock valued at $5,183,000 after purchasing an additional 95,894 shares during the period.

Goldman Sachs Municipal Income ETF Trading Down 0.1%

Shares of GMUB stock traded down $0.04 on Monday, hitting $51.24. 25,343 shares of the stock traded hands, compared to its average volume of 48,123. Goldman Sachs Municipal Income ETF has a twelve month low of $49.41 and a twelve month high of $52.23. The firm’s 50-day moving average price is $51.24 and its two-hundred day moving average price is $51.34.

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.