Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) Sees Significant Drop in Short Interest

Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 6,408 shares, a decline of 45.1% from the August 31st total of 11,677 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 21,996 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Goldman Sachs Ultra Short Municipal Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Keebeck Wealth Management purchased a new stake in Goldman Sachs Ultra Short Municipal Income ETF during the 1st quarter valued at $200,000. Citadel Advisors LLC purchased a new position in shares of Goldman Sachs Ultra Short Municipal Income ETF in the second quarter worth $408,000. Finally, XY Planning Network Inc. purchased a new position in shares of Goldman Sachs Ultra Short Municipal Income ETF in the second quarter worth $830,000.

Goldman Sachs Ultra Short Municipal Income ETF Trading Down 0.2%

Shares of NYSEARCA GUMI traded down $0.11 during midday trading on Thursday, hitting $50.07. The stock had a trading volume of 14,780 shares, compared to its average volume of 13,828. The business’s 50 day moving average is $50.29 and its 200-day moving average is $50.32. Goldman Sachs Ultra Short Municipal Income ETF has a 52 week low of $50.04 and a 52 week 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.