Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) Short Interest Down 64.4% in August

Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 24,625 shares, a decrease of 64.4% from the July 30th total of 69,215 shares. Based on an average daily trading volume, of 70,915 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GMUB. GGM Financials LLC bought a new stake in Goldman Sachs Municipal Income ETF in the fourth quarter valued at about $101,000. Gateway Wealth Partners LLC bought a new position in Goldman Sachs Municipal Income ETF during the first quarter worth about $201,000. Miller Capital Partners Inc. bought a new position in Goldman Sachs Municipal Income ETF during the fourth quarter worth about $305,000. Breakwater Capital Group acquired a new position in shares of Goldman Sachs Municipal Income ETF during the 2nd quarter worth about $332,000. Finally, WNY Asset Management LLC acquired a new position in shares of Goldman Sachs Municipal Income ETF during the 1st quarter worth about $343,000.

Goldman Sachs Municipal Income ETF Price Performance

GMUB traded down $0.02 during trading on Friday, reaching $50.66. 38,861 shares of the company’s stock were exchanged, compared to its average volume of 63,408. The company’s fifty day moving average price is $51.01 and its 200-day moving average price is $51.21. Goldman Sachs Municipal Income ETF has a fifty-two week low of $49.86 and a fifty-two week high of $52.23.

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.