Short Interest in Goldman Sachs Dynamic California Municipal Income ETF (NYSEARCA:GCAL) Drops By 43.6%

Goldman Sachs Dynamic California Municipal Income ETF (NYSEARCA:GCAL) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 21,306 shares, a decrease of 43.6% from the July 30th total of 37,792 shares. Based on an average daily trading volume, of 29,114 shares, the short-interest ratio is currently 0.7 days. Approximately 0.6% of the shares of the stock are short sold.

Goldman Sachs Dynamic California Municipal Income ETF Stock Performance

NYSEARCA GCAL traded down $0.12 on Friday, hitting $50.31. The stock had a trading volume of 6,332 shares, compared to its average volume of 18,303. Goldman Sachs Dynamic California Municipal Income ETF has a 52-week low of $49.64 and a 52-week high of $52.09. The firm has a 50-day moving average of $50.74 and a 200-day moving average of $50.90.

Institutional Trading of Goldman Sachs Dynamic California Municipal Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in GCAL. Cerity Partners LLC purchased a new stake in Goldman Sachs Dynamic California Municipal Income ETF during the second quarter valued at about $5,955,000. First American Trust FSB lifted its position in Goldman Sachs Dynamic California Municipal Income ETF by 108.7% in the fourth quarter. First American Trust FSB now owns 106,883 shares of the company’s stock valued at $5,441,000 after purchasing an additional 55,659 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of Goldman Sachs Dynamic California Municipal Income ETF in the third quarter worth approximately $1,822,000. Composition Wealth LLC grew its holdings in shares of Goldman Sachs Dynamic California Municipal Income ETF by 1.5% in the fourth quarter. Composition Wealth LLC now owns 1,629,961 shares of the company’s stock worth $82,973,000 after purchasing an additional 23,810 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Goldman Sachs Dynamic California Municipal Income ETF by 448.4% in the fourth quarter. HighTower Advisors LLC now owns 24,470 shares of the company’s stock worth $1,246,000 after buying an additional 20,008 shares during the period.

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.