Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) Shares Shorted: Short Interest Up 1,493.1% in September

Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 29,951 shares, an increase of 1,493.1% from the September 15th total of 1,880 shares. Based on an average daily volume of 302,611 shares, the short-interest ratio is presently 0.1 days. Currently, 0.3% of the shares of the company are sold short.

Hedge Funds Weigh In On Goldman Sachs Municipal Income ETF

A number of large investors have recently made changes to their positions in the stock. Capital Advisors Wealth Management LLC grew its position in shares of Goldman Sachs Municipal Income ETF by 12.5% in the third quarter. Capital Advisors Wealth Management LLC now owns 179,717 shares of the company’s stock valued at $8,770,000 after purchasing an additional 20,027 shares in the last quarter. Breakwater Capital Group boosted its stake in Goldman Sachs Municipal Income ETF by 516.8% in the 3rd quarter. Breakwater Capital Group now owns 39,828 shares of the company’s stock worth $1,944,000 after purchasing an additional 33,371 shares during the period. Colton Groome Financial Advisors LLC boosted its stake in Goldman Sachs Municipal Income ETF by 6.8% in the 3rd quarter. Colton Groome Financial Advisors LLC now owns 18,940 shares of the company’s stock worth $924,000 after purchasing an additional 1,210 shares during the period. Heartwood Wealth Advisors LLC grew its holdings in Goldman Sachs Municipal Income ETF by 0.8% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 501,612 shares of the company’s stock valued at $24,479,000 after buying an additional 4,054 shares in the last quarter. Finally, GoalVest Advisory LLC increased its position in shares of Goldman Sachs Municipal Income ETF by 2.9% during the third quarter. GoalVest Advisory LLC now owns 358,646 shares of the company’s stock valued at $17,502,000 after buying an additional 10,076 shares during the period.

Goldman Sachs Municipal Income ETF Stock Performance

Shares of GMUB stock traded up $0.25 during trading on Friday, reaching $48.97. 402,578 shares of the company’s stock traded hands, compared to its average volume of 100,545. The firm’s 50-day moving average is $50.02 and its 200 day moving average is $50.76. Goldman Sachs Municipal Income ETF has a 1 year low of $48.38 and a 1 year high of $52.23.

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.