Short Interest in Goldman Sachs Dynamic California Municipal Income ETF (NYSEARCA:GCAL) Declines By 43.6%

Goldman Sachs Dynamic California Municipal Income ETF (NYSEARCA:GCAL) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 21,306 shares, a decline of 43.6% from the July 30th total of 37,792 shares. Based on an average daily volume of 29,114 shares, the short-interest ratio is presently 0.7 days. Approximately 0.6% of the shares of the stock are short sold.

Goldman Sachs Dynamic California Municipal Income ETF Trading Down 0.7%

GCAL traded down $0.37 during trading on Tuesday, reaching $49.93. 18,466 shares of the company traded hands, compared to its average volume of 18,281. Goldman Sachs Dynamic California Municipal Income ETF has a 12-month low of $49.64 and a 12-month high of $52.09. The firm has a fifty day simple moving average of $50.72 and a 200 day simple moving average of $50.89.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GCAL. International Assets Investment Management LLC bought a new stake in Goldman Sachs Dynamic California Municipal Income ETF in the first quarter worth $99,000. Sage Rhino Capital LLC purchased a new position in Goldman Sachs Dynamic California Municipal Income ETF during the 1st quarter valued at $229,000. Sprinkle Financial Consultants LLC purchased a new position in Goldman Sachs Dynamic California Municipal Income ETF during the 2nd quarter valued at $312,000. Contango Wealth Management LLC grew its position in Goldman Sachs Dynamic California Municipal Income ETF by 25.0% in the 1st quarter. Contango Wealth Management LLC now owns 7,569 shares of the company’s stock valued at $383,000 after acquiring an additional 1,515 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Goldman Sachs Dynamic California Municipal Income ETF in the 1st quarter valued at $443,000.

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.