Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) Short Interest Down 99.6% in May

Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 17 shares, a drop of 99.6% from the May 14th total of 4,104 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 13,789 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Goldman Sachs Ultra Short Municipal Income ETF

A number of large investors have recently modified their holdings of the business. Citadel Advisors LLC boosted its position in shares of Goldman Sachs Ultra Short Municipal Income ETF by 5.8% during the 3rd quarter. Citadel Advisors LLC now owns 5,260 shares of the company’s stock valued at $265,000 after acquiring an additional 289 shares during the last quarter. Capital Investment Advisory Services LLC bought a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF during the 4th quarter valued at about $82,000. Jane Street Group LLC boosted its position in shares of Goldman Sachs Ultra Short Municipal Income ETF by 10.9% during the 1st quarter. Jane Street Group LLC now owns 28,061 shares of the company’s stock valued at $1,409,000 after acquiring an additional 2,767 shares during the last quarter. Keebeck Wealth Management bought a new stake in Goldman Sachs Ultra Short Municipal Income ETF in the 1st quarter worth approximately $200,000. Finally, Betterment LLC lifted its position in Goldman Sachs Ultra Short Municipal Income ETF by 37.5% in the 4th quarter. Betterment LLC now owns 46,690 shares of the company’s stock worth $2,348,000 after buying an additional 12,736 shares during the last quarter.

Goldman Sachs Ultra Short Municipal Income ETF Stock Performance

Shares of GUMI traded down $0.03 during trading hours on Tuesday, reaching $50.28. 14,256 shares of the company’s stock traded hands, compared to its average volume of 11,047. The firm’s 50 day simple moving average is $50.33 and its 200-day simple moving average is $50.34. Goldman Sachs Ultra Short Municipal Income ETF has a 12 month low of $50.07 and a 12 month high of $51.00.

Goldman Sachs Ultra Short Municipal Income ETF Company Profile

The Goldman Sachs Ultra Short Municipal Income ETF (GUMI) is an exchange-traded fund that mostly invests in investment grade 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 maintain an average portfolio duration of .5 years (about 6 months) GUMI was launched on Jul 23, 2024 and is issued by Goldman Sachs.