Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) Sees Significant Growth in Short Interest

Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 83,119 shares, an increase of 473.8% from the May 31st total of 14,485 shares. Currently, 1.6% of the shares of the stock are sold short. Based on an average daily volume of 38,522 shares, the days-to-cover ratio is currently 2.2 days.

Goldman Sachs Municipal Income ETF Price Performance

Shares of GMUB stock traded down $0.02 during trading hours on Friday, hitting $51.44. 23,985 shares of the company’s stock were exchanged, compared to its average volume of 48,945. Goldman Sachs Municipal Income ETF has a 52 week low of $49.41 and a 52 week high of $52.23. The stock’s 50-day moving average is $51.24 and its 200-day moving average is $51.32.

Institutional Investors Weigh In On Goldman Sachs Municipal Income ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Betterment LLC increased its position in Goldman Sachs Municipal Income ETF by 46.4% in the 3rd quarter. Betterment LLC now owns 775,892 shares of the company’s stock valued at $39,477,000 after acquiring an additional 245,844 shares in the last quarter. GoalVest Advisory LLC grew its stake in shares of Goldman Sachs Municipal Income ETF by 73.5% during the fourth quarter. GoalVest Advisory LLC now owns 271,777 shares of the company’s stock valued at $13,912,000 after purchasing an additional 115,165 shares during the last quarter. Mirae Asset Securities USA Inc. bought a new stake in shares of Goldman Sachs Municipal Income ETF during the first quarter valued at approximately $5,095,000. Flow Traders U.S. LLC increased its holdings in shares of Goldman Sachs Municipal Income ETF by 1,600.6% in the third quarter. Flow Traders U.S. LLC now owns 101,885 shares of the company’s stock valued at $5,183,000 after purchasing an additional 95,894 shares in the last quarter. Finally, Capital Advisors Wealth Management LLC increased its holdings in shares of Goldman Sachs Municipal Income ETF by 473.6% in the fourth quarter. Capital Advisors Wealth Management LLC now owns 94,807 shares of the company’s stock valued at $4,853,000 after purchasing an additional 78,279 shares in the last quarter.

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.