Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) Stock Short Interest Rises 89.7%

Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 59,895 shares, an increase of 89.7% from the September 30th total of 31,578 shares. Based on an average daily volume of 42,507 shares, the days-to-cover ratio is currently 1.4 days. Currently, 4.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Goldman Sachs Ultra Short Municipal Income ETF

Hedge funds have recently made changes to their positions in the business. XY Planning Network Inc. acquired a new stake in Goldman Sachs Ultra Short Municipal Income ETF during the 2nd quarter worth approximately $830,000. Axxcess Wealth Management LLC grew its stake in shares of Goldman Sachs Ultra Short Municipal Income ETF by 10.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 10,995 shares of the company’s stock valued at $552,000 after purchasing an additional 995 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Goldman Sachs Ultra Short Municipal Income ETF in the second quarter valued at approximately $408,000. Finally, Keebeck Wealth Management acquired a new position in shares of Goldman Sachs Ultra Short Municipal Income ETF in the first quarter valued at approximately $200,000.

Goldman Sachs Ultra Short Municipal Income ETF Price Performance

Shares of Goldman Sachs Ultra Short Municipal Income ETF stock opened at $50.44 on Friday. Goldman Sachs Ultra Short Municipal Income ETF has a 1 year low of $50.04 and a 1 year high of $51.00. The company’s fifty day moving average is $50.25 and its two-hundred day moving average is $50.33.

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.