Goldman Sachs Dynamic California Municipal Income ETF (NYSEARCA:GCAL) Stock Short Interest Climbs 1,146.6%

Goldman Sachs Dynamic California Municipal Income ETF (NYSEARCA:GCAL) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 84,146 shares, a growth of 1,146.6% from the September 15th total of 6,750 shares. Based on an average daily trading volume, of 89,573 shares, the short-interest ratio is presently 0.9 days. Approximately 2.0% of the shares of the company are short sold.

Goldman Sachs Dynamic California Municipal Income ETF Stock Up 0.2%

GCAL traded up $0.11 during midday trading on Friday, reaching $48.47. The company had a trading volume of 43,669 shares, compared to its average volume of 26,531. Goldman Sachs Dynamic California Municipal Income ETF has a 12-month low of $48.00 and a 12-month high of $52.09. The business has a 50-day moving average price of $49.71 and a two-hundred day moving average price of $50.45.

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

A number of hedge funds have recently modified their holdings of the stock. Weaver Consulting Group increased its position in Goldman Sachs Dynamic California Municipal Income ETF by 23.1% in the third quarter. Weaver Consulting Group now owns 59,282 shares of the company’s stock worth $2,875,000 after buying an additional 11,136 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Goldman Sachs Dynamic California Municipal Income ETF in the second quarter valued at $510,000. Envestnet Asset Management Inc. purchased a new position in shares of Goldman Sachs Dynamic California Municipal Income ETF during the 2nd quarter valued at $1,149,000. First American Trust FSB lifted its position in shares of Goldman Sachs Dynamic California Municipal Income ETF by 108.7% during the 4th quarter. First American Trust FSB now owns 106,883 shares of the company’s stock valued at $5,441,000 after buying an additional 55,659 shares during the last quarter. Finally, Sprinkle Financial Consultants LLC grew its stake in shares of Goldman Sachs Dynamic California Municipal Income ETF by 336.1% during the 3rd quarter. Sprinkle Financial Consultants LLC now owns 26,549 shares of the company’s stock worth $1,288,000 after acquiring an additional 20,461 shares during the period.

About Goldman Sachs Dynamic California Municipal Income ETF

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.