Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB – Get Free Report) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 19,937 shares, a drop of 76.0% from the June 15th total of 83,119 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 31,428 shares, the days-to-cover ratio is currently 0.6 days.
Goldman Sachs Municipal Income ETF Trading Up 0.1%
GMUB traded up $0.05 during midday trading on Friday, hitting $51.28. The company had a trading volume of 29,465 shares, compared to its average volume of 48,299. Goldman Sachs Municipal Income ETF has a 52 week low of $49.41 and a 52 week high of $52.23. The stock’s 50 day moving average price is $51.24 and its 200 day moving average price is $51.34.
Institutional Trading of Goldman Sachs Municipal Income ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GMUB. GGM Financials LLC acquired a new position in Goldman Sachs Municipal Income ETF during the 4th quarter worth approximately $101,000. Signaturefd LLC acquired a new stake in Goldman Sachs Municipal Income ETF in the fourth quarter valued at approximately $136,000. Gateway Wealth Partners LLC bought a new stake in shares of Goldman Sachs Municipal Income ETF during the first quarter valued at approximately $201,000. Miller Capital Partners Inc. bought a new stake in shares of Goldman Sachs Municipal Income ETF during the fourth quarter valued at approximately $305,000. Finally, Breakwater Capital Group bought a new stake in shares of Goldman Sachs Municipal Income ETF during the second quarter valued at approximately $332,000.
Goldman Sachs Municipal Income ETF Company Profile
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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