Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB – Get Free Report) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 29,951 shares, a growth 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 currently 0.1 days. Approximately 0.3% of the company’s stock are sold short.
Goldman Sachs Municipal Income ETF Stock Performance
Shares of GMUB traded up $0.25 during mid-day trading on Friday, reaching $48.97. The company had a trading volume of 402,578 shares, compared to its average volume of 100,545. The firm has a 50-day moving average price of $50.02 and a 200 day moving average price of $50.76. Goldman Sachs Municipal Income ETF has a 52 week low of $48.38 and a 52 week high of $52.23.
Hedge Funds Weigh In On Goldman Sachs Municipal Income ETF
A number of hedge funds have recently bought and sold shares of the company. Gateway Wealth Partners LLC bought a new position in Goldman Sachs Municipal Income ETF in the 1st quarter valued at approximately $201,000. Breakwater Capital Group purchased a new position in Goldman Sachs Municipal Income ETF in the 2nd quarter worth about $332,000. WNY Asset Management LLC bought a new position in Goldman Sachs Municipal Income ETF during the 1st quarter valued at about $343,000. World Investment Advisors bought a new position in Goldman Sachs Municipal Income ETF during the 4th quarter valued at about $375,000. Finally, Fifth Third Bancorp purchased a new stake in shares of Goldman Sachs Municipal Income ETF during the 1st quarter valued at about $521,000.
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.
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