Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB – Get Free Report) was the recipient of a large growth in short interest in 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. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 33,794 shares, the short-interest ratio is presently 1.0 days.
Goldman Sachs Municipal Income ETF Stock Performance
Shares of GMUB stock remained flat at $50.75 during midday trading on Friday. 113,930 shares of the company’s stock were exchanged, compared to its average volume of 49,081. Goldman Sachs Municipal Income ETF has a one year low of $49.68 and a one year high of $52.23. The business has a 50 day simple moving average of $51.20 and a 200 day simple moving average of $51.31.
Institutional Investors Weigh In On Goldman Sachs Municipal Income ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Asio Capital LLC acquired a new stake in Goldman Sachs Municipal Income ETF in the fourth quarter worth approximately $697,000. Gentry Private Wealth LLC increased its position in shares of Goldman Sachs Municipal Income ETF by 73.2% during the 4th quarter. Gentry Private Wealth LLC now owns 86,249 shares of the company’s stock valued at $4,415,000 after purchasing an additional 36,450 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of Goldman Sachs Municipal Income ETF during the 3rd quarter valued at $1,906,000. Fifth Third Bancorp bought a new stake in shares of Goldman Sachs Municipal Income ETF in the 1st quarter worth $521,000. Finally, Johnson Bixby & Associates LLC acquired a new stake in shares of Goldman Sachs Municipal Income ETF in the first quarter valued at $849,000.
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.
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