Goldman Sachs Dynamic California Municipal Income ETF (NYSEARCA:GCAL) Sees Significant Decrease in Short Interest

Goldman Sachs Dynamic California Municipal Income ETF (NYSEARCA:GCAL) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 6,750 shares, a decrease of 68.3% from the August 31st total of 21,294 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 34,108 shares, the short-interest ratio is currently 0.2 days.

Goldman Sachs Dynamic California Municipal Income ETF Price Performance

NYSEARCA GCAL traded down $0.23 during trading on Monday, hitting $48.35. The company’s stock had a trading volume of 63,873 shares, compared to its average volume of 22,229. The business’s 50 day simple moving average is $50.14 and its 200-day simple moving average is $50.62. Goldman Sachs Dynamic California Municipal Income ETF has a fifty-two week low of $48.21 and a fifty-two week high of $52.09.

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

A number of institutional investors and hedge funds have recently modified their holdings of GCAL. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Goldman Sachs Dynamic California Municipal Income ETF in the 2nd quarter valued at $510,000. HighTower Advisors LLC lifted its stake in Goldman Sachs Dynamic California Municipal Income ETF by 448.4% in the 4th quarter. HighTower Advisors LLC now owns 24,470 shares of the company’s stock valued at $1,246,000 after buying an additional 20,008 shares in the last quarter. First American Trust FSB boosted its stake in 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 worth $5,441,000 after purchasing an additional 55,659 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Goldman Sachs Dynamic California Municipal Income ETF in the second quarter valued at approximately $1,149,000. Finally, Sprinkle Financial Consultants LLC acquired a new stake in shares of Goldman Sachs Dynamic California Municipal Income ETF in the 2nd quarter worth $312,000.

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.