Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) Shares Shorted: Short Interest Up 454.7% in October

Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 124,723 shares, an increase of 454.7% from the October 15th total of 22,484 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 363,642 shares, the short-interest ratio is currently 0.3 days.

Goldman Sachs Municipal Income ETF Price Performance

Shares of GMUB stock traded up $0.10 during mid-day trading on Wednesday, hitting $50.63. The stock had a trading volume of 67,258 shares, compared to its average volume of 127,627. Goldman Sachs Municipal Income ETF has a 12-month low of $48.38 and a 12-month high of $52.23. The firm’s 50-day moving average is $49.66 and its two-hundred day moving average is $50.84.

Institutional Investors Weigh In On Goldman Sachs Municipal Income ETF

Several hedge funds have recently modified their holdings of the business. Composition Wealth LLC bought a new position in shares of Goldman Sachs Municipal Income ETF during the third quarter valued at approximately $49,846,000. Heartwood Wealth Advisors LLC raised its stake in Goldman Sachs Municipal Income ETF by 0.8% in the third quarter. Heartwood Wealth Advisors LLC now owns 501,612 shares of the company’s stock worth $24,479,000 after buying an additional 4,054 shares in the last quarter. GoalVest Advisory LLC raised its stake in Goldman Sachs Municipal Income ETF by 13.4% in the second quarter. GoalVest Advisory LLC now owns 348,570 shares of the company’s stock worth $17,930,000 after buying an additional 41,230 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Goldman Sachs Municipal Income ETF by 8.8% during the second quarter. Envestnet Asset Management Inc. now owns 288,016 shares of the company’s stock worth $14,816,000 after buying an additional 23,415 shares during the period. Finally, Peak Financial Advisors LLC purchased a new stake in Goldman Sachs Municipal Income ETF during the third quarter worth $12,569,000.

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.