Goldman Sachs Dynamic California Municipal Income ETF (NYSEARCA:GCAL) Short Interest Down 53.0% in April

Goldman Sachs Dynamic California Municipal Income ETF (NYSEARCA:GCAL) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 14,516 shares, a decline 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 days-to-cover ratio is currently 1.1 days.

Goldman Sachs Dynamic California Municipal Income ETF Trading Down 0.4%

GCAL stock traded down $0.18 during mid-day trading on Friday, reaching $50.58. The company’s stock had a trading volume of 12,028 shares, compared to its average volume of 17,085. The business’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 12 month low of $49.20 and a 12 month high of $51.72.

Institutional Investors Weigh In On Goldman Sachs Dynamic California Municipal Income ETF

Hedge funds have recently added to or reduced their stakes in the business. Magnus Financial Group LLC grew its stake in Goldman Sachs Dynamic California Municipal Income ETF by 271.2% in the fourth quarter. Magnus Financial Group LLC now owns 16,707 shares of the company’s stock valued at $850,000 after acquiring an additional 12,206 shares during the period. JPMorgan Chase & Co. acquired a new stake in Goldman Sachs Dynamic California Municipal Income ETF in the third quarter valued at approximately $1,822,000. First American Trust FSB acquired a new stake in Goldman Sachs Dynamic California Municipal Income ETF in the third quarter valued at approximately $2,598,000. Curated Wealth Partners LLC grew its stake in Goldman Sachs Dynamic California Municipal Income ETF by 234.0% in the fourth quarter. Curated Wealth Partners LLC now owns 142,768 shares of the company’s stock valued at $7,268,000 after acquiring an additional 100,023 shares during the period. Finally, Weaver Consulting Group grew its stake in Goldman Sachs Dynamic California Municipal Income ETF by 130.8% in the third quarter. Weaver Consulting Group now owns 20,194 shares of the company’s stock valued at $1,024,000 after acquiring an additional 11,444 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.