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

Goldman Sachs Dynamic California Municipal Income ETF (NYSEARCA:GCAL) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 6,750 shares, a decline of 68.3% from the August 31st total of 21,294 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 34,108 shares, the short-interest ratio is presently 0.2 days.

Goldman Sachs Dynamic California Municipal Income ETF Stock Down 0.6%

GCAL stock traded down $0.28 during midday trading on Tuesday, hitting $48.08. The company’s stock had a trading volume of 40,603 shares, compared to its average volume of 22,327. The company’s fifty day moving average price is $50.09 and its 200 day moving average price is $50.60. Goldman Sachs Dynamic California Municipal Income ETF has a twelve month low of $48.00 and a twelve month high of $52.09.

Institutional Investors Weigh In On Goldman Sachs Dynamic California Municipal Income ETF

A number of large investors have recently added to or reduced their stakes in the business. Contango Wealth Management LLC raised its position in shares of Goldman Sachs Dynamic California Municipal Income ETF by 25.0% in the 1st quarter. Contango Wealth Management LLC now owns 7,569 shares of the company’s stock valued at $383,000 after buying an additional 1,515 shares in the last quarter. Financial Management Network Inc. lifted its holdings in shares of Goldman Sachs Dynamic California Municipal Income ETF by 5.8% in the first quarter. Financial Management Network Inc. now owns 29,911 shares of the company’s stock worth $1,521,000 after acquiring an additional 1,632 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Goldman Sachs Dynamic California Municipal Income ETF in the 1st quarter valued at approximately $99,000. Sage Rhino Capital LLC bought a new stake in shares of Goldman Sachs Dynamic California Municipal Income ETF during the 1st quarter valued at approximately $229,000. Finally, Sprinkle Financial Consultants LLC bought a new position in Goldman Sachs Dynamic California Municipal Income ETF in the 2nd quarter valued at approximately $312,000.

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.