Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) Short Interest Update

Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 11,784 shares, an increase of 336.1% from the July 15th total of 2,702 shares. Based on an average trading volume of 13,620 shares, the short-interest ratio is currently 0.9 days. Currently, 1.2% of the shares of the company are short sold.

Goldman Sachs Ultra Short Municipal Income ETF Price Performance

Goldman Sachs Ultra Short Municipal Income ETF stock remained flat at $50.32 during mid-day trading on Thursday. The company’s stock had a trading volume of 594 shares, compared to its average volume of 12,226. The company has a fifty day moving average of $50.34 and a 200 day moving average of $50.35. Goldman Sachs Ultra Short Municipal Income ETF has a fifty-two week low of $50.07 and a fifty-two week high of $51.00.

Institutional Trading of Goldman Sachs Ultra Short Municipal Income ETF

A number of hedge funds have recently modified their holdings of the stock. Keebeck Wealth Management acquired a new position in Goldman Sachs Ultra Short Municipal Income ETF in the 1st quarter valued at about $200,000. Citadel Advisors LLC lifted its position in Goldman Sachs Ultra Short Municipal Income ETF by 5.8% during the third quarter. Citadel Advisors LLC now owns 5,260 shares of the company’s stock worth $265,000 after acquiring an additional 289 shares during the last quarter. Sfmg LLC bought a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF during the fourth quarter worth approximately $748,000. Axxcess Wealth Management LLC bought a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF during the fourth quarter worth approximately $1,044,000. Finally, Cary Street Partners Financial LLC acquired a new position in shares of Goldman Sachs Ultra Short Municipal Income ETF in the fourth quarter valued at approximately $1,048,000.

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.