Short Interest in Goldman Sachs Community Municipal Bond ETF (NYSEARCA:GMUN) Decreases By 83.5%

Goldman Sachs Community Municipal Bond ETF (NYSEARCA:GMUN) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 51 shares, a drop of 83.5% from the April 30th total of 309 shares. Based on an average daily volume of 1,724 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Goldman Sachs Community Municipal Bond ETF Stock Performance

Goldman Sachs Community Municipal Bond ETF stock opened at $50.28 on Thursday. The company has a 50-day moving average price of $50.29 and a 200 day moving average price of $50.67. Goldman Sachs Community Municipal Bond ETF has a 12-month low of $48.92 and a 12-month high of $51.53.

Hedge Funds Weigh In On Goldman Sachs Community Municipal Bond ETF

A hedge fund recently raised its stake in Goldman Sachs Community Municipal Bond ETF stock. Goldman Sachs Group Inc. raised its stake in Goldman Sachs Community Municipal Bond ETF (NYSEARCA:GMUN) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 160,433 shares of the company’s stock after buying an additional 1,328 shares during the quarter. Goldman Sachs Group Inc. owned about 80.22% of Goldman Sachs Community Municipal Bond ETF worth $7,885,000 at the end of the most recent quarter.

About Goldman Sachs Community Municipal Bond ETF

The Goldman Sachs Community Municipal Bond ETF (GMUN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of intermediate-term, investment grade US municipal bonds that target education, healthcare, clean water, and other community-related initiatives. GMUN was launched on Mar 7, 2023 and is managed by Goldman Sachs.