Goldman Sachs Dynamic California Municipal Income ETF (NYSEARCA:GCAL) Short Interest Down 53.0% in April

Goldman Sachs Dynamic California Municipal Income ETF (NYSEARCA:GCAL) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 14,516 shares, a decrease of 53.0% from the April 15th total of 30,894 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 13,579 shares, the days-to-cover ratio is currently 1.1 days.

Goldman Sachs Dynamic California Municipal Income ETF Stock Performance

Shares of NYSEARCA GCAL traded down $0.18 during mid-day trading on Friday, reaching $50.58. 12,028 shares of the company were exchanged, compared to its average volume of 17,085. The company’s 50-day simple moving average is $50.86 and its 200-day simple moving average is $51.01. Goldman Sachs Dynamic California Municipal Income ETF has a twelve month low of $49.20 and a twelve month high of $51.72.

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

Several hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its position in shares of Goldman Sachs Dynamic California Municipal Income ETF by 24.1% in the first quarter. Goldman Sachs Group Inc. now owns 101,189 shares of the company’s stock valued at $5,071,000 after purchasing an additional 19,677 shares during the last quarter. Cerity Partners LLC acquired a new stake in Goldman Sachs Dynamic California Municipal Income ETF during the 2nd quarter worth approximately $5,955,000. Jane Street Group LLC lifted its holdings in Goldman Sachs Dynamic California Municipal Income ETF by 234.4% during the 2nd quarter. Jane Street Group LLC now owns 21,986 shares of the company’s stock worth $1,093,000 after purchasing an additional 15,412 shares during the last quarter. Magnus Financial Group LLC bought a new stake in Goldman Sachs Dynamic California Municipal Income ETF in the 3rd quarter valued at $228,000. Finally, Financial Management Network Inc. grew its holdings in Goldman Sachs Dynamic California Municipal Income ETF by 12.8% in the 3rd quarter. Financial Management Network Inc. now owns 24,036 shares of the company’s stock valued at $1,216,000 after buying an additional 2,727 shares in the last quarter.

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.