Goldman Sachs Dynamic California Municipal Income ETF (NYSEARCA:GCAL – Get Free Report) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 14,516 shares, a drop of 53.0% from the April 15th total of 30,894 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average daily volume of 13,579 shares, the short-interest ratio is presently 1.1 days.
Goldman Sachs Dynamic California Municipal Income ETF Stock Down 0.4%
GCAL traded down $0.18 during midday trading on Friday, hitting $50.58. 12,028 shares of the company were exchanged, compared to its average volume of 17,085. The firm’s 50 day moving average price is $50.87 and its 200-day moving average price is $51.02. Goldman Sachs Dynamic California Municipal Income ETF has a 1-year low of $49.20 and a 1-year high of $51.72.
Institutional Trading of Goldman Sachs Dynamic California Municipal Income ETF
Several institutional investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC acquired a new stake in Goldman Sachs Dynamic California Municipal Income ETF during the 1st quarter valued at approximately $443,000. International Assets Investment Management LLC bought a new position in Goldman Sachs Dynamic California Municipal Income ETF during the 1st quarter worth approximately $99,000. Sage Rhino Capital LLC acquired a new position in shares of Goldman Sachs Dynamic California Municipal Income ETF in the 1st quarter worth approximately $229,000. Financial Management Network Inc. boosted its stake in shares of Goldman Sachs Dynamic California Municipal Income ETF by 5.8% in the 1st quarter. Financial Management Network Inc. now owns 29,911 shares of the company’s stock valued at $1,521,000 after purchasing an additional 1,632 shares during the last quarter. Finally, Vivaldi Capital Management LP bought a new stake in shares of Goldman Sachs Dynamic California Municipal Income ETF in the 4th quarter valued at $554,000.
Goldman Sachs Dynamic California Municipal Income ETF Company Profile
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.
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