Goldman Sachs Community Municipal Bond ETF (NYSEARCA:GMUN) Short Interest Up 128.9% in April

Goldman Sachs Community Municipal Bond ETF (NYSEARCA:GMUN) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 309 shares, a growth of 128.9% from the April 15th total of 135 shares. Based on an average daily volume of 2,109 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the company’s shares are sold short.

Goldman Sachs Community Municipal Bond ETF Stock Performance

Shares of GMUN stock traded down $0.28 during mid-day trading on Friday, reaching $49.96. 5 shares of the stock traded hands, compared to its average volume of 2,379. The stock’s fifty day simple moving average is $50.40 and its two-hundred day simple moving average is $50.71. Goldman Sachs Community Municipal Bond ETF has a 1-year low of $48.78 and a 1-year high of $51.53.

Hedge Funds Weigh In On Goldman Sachs Community Municipal Bond ETF

A hedge fund recently raised its stake in Goldman Sachs Community Municipal Bond ETF stock. Goldman Sachs Group Inc. lifted its stake in shares of Goldman Sachs Community Municipal Bond ETF (NYSEARCA:GMUN) by 0.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,433 shares of the company’s stock after acquiring an additional 1,328 shares during the quarter. Goldman Sachs Group Inc. owned approximately 80.22% of Goldman Sachs Community Municipal Bond ETF worth $7,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About Goldman Sachs Community Municipal Bond ETF

The Goldman Sachs Community Municipal Bond ETF (GMUN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of intermediate-term, investment grade US municipal bonds that target education, healthcare, clean water, and other community-related initiatives. GMUN was launched on Mar 7, 2023 and is managed by Goldman Sachs.