Goldman Sachs Dynamic California Municipal Income ETF (NYSEARCA:GCAL) Sees Large Decline in Short Interest

Goldman Sachs Dynamic California Municipal Income ETF (NYSEARCA:GCAL) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 21,306 shares, a decrease of 43.6% from the July 30th total of 37,792 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 29,114 shares, the short-interest ratio is presently 0.7 days.

Goldman Sachs Dynamic California Municipal Income ETF Stock Performance

NYSEARCA GCAL traded down $0.01 during mid-day trading on Monday, hitting $50.30. The stock had a trading volume of 14,672 shares, compared to its average volume of 18,281. The company has a 50 day simple moving average of $50.72 and a 200 day simple moving average of $50.89. Goldman Sachs Dynamic California Municipal Income ETF has a 52-week low of $49.64 and a 52-week high of $52.09.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in shares of Goldman Sachs Dynamic California Municipal Income ETF during the 1st quarter worth $99,000. Sage Rhino Capital LLC acquired a new stake in Goldman Sachs Dynamic California Municipal Income ETF in the 1st quarter valued at about $229,000. Sprinkle Financial Consultants LLC purchased a new position in Goldman Sachs Dynamic California Municipal Income ETF during the 2nd quarter valued at about $312,000. Contango Wealth Management LLC increased its holdings in 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 valued at $383,000 after acquiring an additional 1,515 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Goldman Sachs Dynamic California Municipal Income ETF during the first quarter worth about $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.