Goldman Sachs Community Municipal Bond ETF (NYSEARCA:GMUN) Sees Large Growth in Short Interest

Goldman Sachs Community Municipal Bond ETF (NYSEARCA:GMUN) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 309 shares, a growth of 128.9% from the April 15th total of 135 shares. Based on an average daily trading volume, of 2,109 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On Goldman Sachs Community Municipal Bond ETF

A hedge fund recently raised its stake in Goldman Sachs Community Municipal Bond ETF stock. Goldman Sachs Group Inc. increased its holdings in shares of Goldman Sachs Community Municipal Bond ETF (NYSEARCA:GMUN) by 0.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 160,433 shares of the company’s stock after buying an additional 1,328 shares during the quarter. Goldman Sachs Group Inc. owned 80.22% of Goldman Sachs Community Municipal Bond ETF worth $7,885,000 as of its most recent SEC filing.

Goldman Sachs Community Municipal Bond ETF Stock Performance

Shares of GMUN stock traded down $0.28 on Friday, reaching $49.96. The company had a trading volume of 5 shares, compared to its average volume of 2,379. The company has a 50-day moving average of $50.40 and a 200-day moving average of $50.71. Goldman Sachs Community Municipal Bond ETF has a 12 month low of $48.78 and a 12 month high of $51.53.

About Goldman Sachs Community Municipal Bond ETF

The Goldman Sachs Community Municipal Bond ETF (GMUN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of intermediate-term, investment grade US municipal bonds that target education, healthcare, clean water, and other community-related initiatives. GMUN was launched on Mar 7, 2023 and is managed by Goldman Sachs.