Goldman Sachs Community Municipal Bond ETF (NYSEARCA:GMUN) Sees Large Growth in Short Interest

Goldman Sachs Community Municipal Bond ETF (NYSEARCA:GMUN) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 309 shares, a growth of 128.9% from the April 15th total of 135 shares. Based on an average daily volume of 2,109 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the company’s stock are sold short.

Goldman Sachs Community Municipal Bond ETF Price Performance

Shares of GMUN traded down $0.28 during trading hours on Friday, hitting $49.96. The company had a trading volume of 5 shares, compared to its average volume of 2,379. The firm has a fifty day moving average price of $50.40 and a 200-day moving average price of $50.71. Goldman Sachs Community Municipal Bond ETF has a 52-week low of $48.78 and a 52-week 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. boosted its holdings in Goldman Sachs Community Municipal Bond ETF (NYSEARCA:GMUN) by 0.8% in the first quarter, according to the company in its most recent 13F filing with the 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 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.