Goldman Sachs Municipal Income ETF (NYSEARCA:GMUB – Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 124,723 shares, a growth of 454.7% from the October 15th total of 22,484 shares. Based on an average daily volume of 363,642 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.9% of the company’s shares are short sold.
Institutional Investors Weigh In On Goldman Sachs Municipal Income ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Composition Wealth LLC purchased a new position in Goldman Sachs Municipal Income ETF in the third quarter valued at approximately $49,846,000. Peak Financial Advisors LLC purchased a new position in Goldman Sachs Municipal Income ETF in the 3rd quarter valued at about $12,569,000. Private Advisor Group LLC acquired a new stake in Goldman Sachs Municipal Income ETF during the 3rd quarter valued at approximately $11,475,000. Retirement Planning Group LLC acquired a new stake in shares of Goldman Sachs Municipal Income ETF during the third quarter worth approximately $7,895,000. Finally, Sowell Financial Services LLC bought a new stake in shares of Goldman Sachs Municipal Income ETF in the 3rd quarter worth about $3,650,000.
Goldman Sachs Municipal Income ETF Stock Down 0.6%
GMUB traded down $0.28 during midday trading on Thursday, hitting $50.34. The company’s stock had a trading volume of 351,923 shares, compared to its average volume of 129,462. Goldman Sachs Municipal Income ETF has a 52-week low of $48.38 and a 52-week high of $52.23. The firm has a 50-day moving average price of $49.66 and a two-hundred day moving average price of $50.83.
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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