Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) Sees Significant Drop in Short Interest

Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 1,880 shares, a decline of 91.3% from the August 31st total of 21,665 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 84,617 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Goldman Sachs Municipal Income ETF

Institutional investors have recently modified their holdings of the company. GoalVest Advisory LLC grew its position in Goldman Sachs Municipal Income ETF by 13.4% in the 2nd quarter. GoalVest Advisory LLC now owns 348,570 shares of the company’s stock valued at $17,930,000 after acquiring an additional 41,230 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Goldman Sachs Municipal Income ETF by 8.8% in the second quarter. Envestnet Asset Management Inc. now owns 288,016 shares of the company’s stock valued at $14,816,000 after purchasing an additional 23,415 shares during the last quarter. Retirement Planning Group LLC grew its position in shares of Goldman Sachs Municipal Income ETF by 37.9% in the 1st quarter. Retirement Planning Group LLC now owns 122,173 shares of the company’s stock valued at $6,225,000 after buying an additional 33,582 shares during the last quarter. Gentry Private Wealth LLC grew its holdings in shares of Goldman Sachs Municipal Income ETF by 20.6% during the first quarter. Gentry Private Wealth LLC now owns 104,054 shares of the company’s stock worth $5,302,000 after purchasing an additional 17,805 shares during the last quarter. Finally, Mirae Asset Securities USA Inc. purchased a new position in Goldman Sachs Municipal Income ETF during the 1st quarter worth approximately $5,095,000.

Goldman Sachs Municipal Income ETF Trading Down 0.2%

GMUB traded down $0.10 during trading hours on Thursday, reaching $49.17. The company’s stock had a trading volume of 131,796 shares, compared to its average volume of 69,061. Goldman Sachs Municipal Income ETF has a fifty-two week low of $49.08 and a fifty-two week high of $52.23. The business’s 50-day moving average is $50.46 and its 200-day moving average is $50.96.

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.