Short Interest in Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) Grows By 67.1%

Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 33,313 shares, a growth of 67.1% from the June 30th total of 19,937 shares. Based on an average trading volume of 33,794 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.6% of the shares of the company are sold short.

Goldman Sachs Municipal Income ETF Stock Performance

Shares of GMUB stock remained flat at $50.75 on Friday. The company had a trading volume of 113,930 shares, compared to its average volume of 49,081. The stock’s fifty day moving average is $51.20 and its two-hundred day moving average is $51.31. Goldman Sachs Municipal Income ETF has a twelve month low of $49.68 and a twelve month high of $52.23.

Institutional Trading of Goldman Sachs Municipal Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of GMUB. Betterment LLC boosted its holdings in shares of Goldman Sachs Municipal Income ETF by 7.2% in the 4th quarter. Betterment LLC now owns 831,786 shares of the company’s stock valued at $42,579,000 after buying an additional 55,894 shares during the period. GoalVest Advisory LLC raised its stake in Goldman Sachs Municipal Income ETF by 13.4% during the second quarter. GoalVest Advisory LLC now owns 348,570 shares of the company’s stock worth $17,930,000 after acquiring an additional 41,230 shares during the period. Pinion Investment Advisors LLC raised its stake in Goldman Sachs Municipal Income ETF by 71.2% during the fourth quarter. Pinion Investment Advisors LLC now owns 136,311 shares of the company’s stock worth $6,978,000 after acquiring an additional 56,673 shares during the period. Retirement Planning Group LLC lifted its holdings in Goldman Sachs Municipal Income ETF by 37.9% in the first quarter. Retirement Planning Group LLC now owns 122,173 shares of the company’s stock worth $6,225,000 after acquiring an additional 33,582 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Goldman Sachs Municipal Income ETF by 39.6% in the first quarter. Goldman Sachs Group Inc. now owns 121,288 shares of the company’s stock worth $6,031,000 after acquiring an additional 34,403 shares during the last quarter.

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.