Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) Stock Short Interest Jumps 68.2%

Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 19,026 shares, a growth of 68.2% from the September 30th total of 11,311 shares. Based on an average daily volume of 25,252 shares, the short-interest ratio is presently 0.8 days. Approximately 1.7% of the company’s shares are short sold.

Goldman Sachs Dynamic New York Municipal Income ETF Price Performance

NYSEARCA:GMNY opened at $49.12 on Monday. The firm’s 50 day moving average is $48.50 and its two-hundred day moving average is $49.68. Goldman Sachs Dynamic New York Municipal Income ETF has a fifty-two week low of $47.38 and a fifty-two week high of $50.86.

Institutional Investors Weigh In On Goldman Sachs Dynamic New York Municipal Income ETF

A number of institutional investors have recently added to or reduced their stakes in the company. GoalVest Advisory LLC purchased a new position in shares of Goldman Sachs Dynamic New York Municipal Income ETF in the 3rd quarter valued at $1,637,000. Citadel Advisors LLC purchased a new stake in Goldman Sachs Dynamic New York Municipal Income ETF during the 2nd quarter worth $220,000. Hennion & Walsh Asset Management Inc. increased its holdings in Goldman Sachs Dynamic New York Municipal Income ETF by 26.7% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 56,980 shares of the company’s stock valued at $2,868,000 after purchasing an additional 12,001 shares in the last quarter. Finally, WNY Asset Management LLC purchased a new position in Goldman Sachs Dynamic New York Municipal Income ETF in the first quarter valued at about $496,000.

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.