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

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

Goldman Sachs Dynamic California Municipal Income ETF Stock Down 0.2%

GCAL stock traded down $0.12 during trading on Friday, reaching $50.31. 6,332 shares of the stock were exchanged, compared to its average volume of 18,303. Goldman Sachs Dynamic California Municipal Income ETF has a twelve month low of $49.64 and a twelve month high of $52.09. The firm’s 50 day moving average is $50.74 and its 200 day moving average is $50.90.

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

Several institutional investors have recently bought and sold shares of GCAL. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Goldman Sachs Dynamic California Municipal Income ETF in the 2nd quarter worth $510,000. Sprinkle Financial Consultants LLC purchased a new stake in Goldman Sachs Dynamic California Municipal Income ETF during the second quarter valued at about $312,000. Contango Wealth Management LLC boosted its holdings 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 worth $383,000 after buying an additional 1,515 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Goldman Sachs Dynamic California Municipal Income ETF during the 1st quarter valued at $443,000. Finally, International Assets Investment Management LLC purchased a new stake in Goldman Sachs Dynamic California Municipal Income ETF during the 1st quarter worth about $99,000.

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.