Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) Short Interest Down 59.1% in July

Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 2,702 shares, a drop of 59.1% from the June 30th total of 6,599 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 24,985 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of GUMI. HighTower Advisors LLC purchased a new position in Goldman Sachs Ultra Short Municipal Income ETF in the 4th quarter worth approximately $2,919,000. Goldman Sachs Group Inc. raised its position in shares of Goldman Sachs Ultra Short Municipal Income ETF by 47.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 125,000 shares of the company’s stock valued at $6,276,000 after buying an additional 40,000 shares in the last quarter. Betterment LLC purchased a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF during the 3rd quarter valued at $1,711,000. Cary Street Partners Financial LLC bought a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF during the 4th quarter worth $1,048,000. Finally, Axxcess Wealth Management LLC bought a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF during the 4th quarter worth $1,044,000.

Goldman Sachs Ultra Short Municipal Income ETF Stock Performance

Shares of NYSEARCA GUMI opened at $50.39 on Monday. The stock’s 50-day simple moving average is $50.34 and its two-hundred day simple moving average is $50.35. Goldman Sachs Ultra Short Municipal Income ETF has a twelve month low of $50.07 and a twelve 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.