Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) Short Interest Update

Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 83,119 shares, a growth of 473.8% from the May 31st total of 14,485 shares. Based on an average trading volume of 38,522 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.6% of the company’s stock are sold short.

Institutional Investors Weigh In On Goldman Sachs Municipal Income ETF

Institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its stake in shares of Goldman Sachs Municipal Income ETF by 39.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 121,288 shares of the company’s stock valued at $6,031,000 after buying an additional 34,403 shares in the last quarter. Jane Street Group LLC lifted its stake in Goldman Sachs Municipal Income ETF by 297.8% in the second quarter. Jane Street Group LLC now owns 63,952 shares of the company’s stock valued at $3,192,000 after acquiring an additional 47,874 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in Goldman Sachs Municipal Income ETF in the third quarter worth approximately $1,906,000. Gentry Private Wealth LLC bought a new stake in Goldman Sachs Municipal Income ETF in the third quarter worth approximately $2,534,000. Finally, Betterment LLC increased its stake in shares of Goldman Sachs Municipal Income ETF by 46.4% during the 3rd quarter. Betterment LLC now owns 775,892 shares of the company’s stock worth $39,477,000 after purchasing an additional 245,844 shares during the last quarter.

Goldman Sachs Municipal Income ETF Price Performance

GMUB traded down $0.04 during trading on Friday, reaching $51.42. 3,519 shares of the stock traded hands, compared to its average volume of 48,776. The stock’s 50-day simple moving average is $51.23 and its two-hundred day simple moving average is $51.32. Goldman Sachs Municipal Income ETF has a fifty-two week low of $49.41 and a fifty-two week high of $52.23.

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.