Short Interest in Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) Grows By 188.9%

Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 5,371 shares, an increase of 188.9% from the June 15th total of 1,859 shares. Based on an average daily volume of 4,879 shares, the short-interest ratio is currently 1.1 days. Currently, 0.7% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Composition Wealth LLC lifted its position in shares of Goldman Sachs Dynamic New York Municipal Income ETF by 6.1% during the 4th quarter. Composition Wealth LLC now owns 291,606 shares of the company’s stock valued at $14,566,000 after acquiring an additional 16,820 shares during the last quarter. Magnus Financial Group LLC grew its holdings in shares of Goldman Sachs Dynamic New York Municipal Income ETF by 515.6% in the 4th quarter. Magnus Financial Group LLC now owns 91,010 shares of the company’s stock worth $4,546,000 after acquiring an additional 76,227 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Goldman Sachs Dynamic New York Municipal Income ETF by 26.7% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 56,980 shares of the company’s stock worth $2,868,000 after purchasing an additional 12,001 shares during the period. WNY Asset Management LLC acquired a new stake in Goldman Sachs Dynamic New York Municipal Income ETF during the 1st quarter worth about $496,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF during the fourth quarter valued at approximately $193,000.

Goldman Sachs Dynamic New York Municipal Income ETF Stock Performance

Shares of GMNY traded down $0.03 during mid-day trading on Wednesday, hitting $50.10. The company’s stock had a trading volume of 2,283 shares, compared to its average volume of 5,990. The firm has a 50-day moving average price of $50.09 and a 200 day moving average price of $50.14. Goldman Sachs Dynamic New York Municipal Income ETF has a fifty-two week low of $48.44 and a fifty-two week high of $50.86.

About Goldman Sachs Dynamic New York Municipal Income ETF

The Goldman Sachs Dynamic New York Municipal Income ETF (GMNY) 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 New York state income tax. The actively managed fund mainly holds investment grade bonds with a two- to eight-year duration. GMNY was launched on Jul 23, 2024 and is issued by Goldman Sachs.