Short Interest in Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) Expands By 195.1%

Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) saw a significant increase in short interest in December. As of December 15th, there was short interest totaling 7,398 shares, an increase of 195.1% from the November 30th total of 2,507 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average trading volume of 3,949 shares, the short-interest ratio is presently 1.9 days. Based on an average trading volume of 3,949 shares, the short-interest ratio is presently 1.9 days. Currently, 1.5% of the company’s stock are short sold.

Goldman Sachs Dynamic New York Municipal Income ETF Stock Performance

Shares of GMNY stock traded up $0.01 during trading hours on Friday, reaching $50.03. 128 shares of the company’s stock were exchanged, compared to its average volume of 2,704. Goldman Sachs Dynamic New York Municipal Income ETF has a fifty-two week low of $47.36 and a fifty-two week high of $50.51. The stock’s 50 day moving average is $49.97 and its 200-day moving average is $49.40.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GMNY. Miracle Mile Advisors LLC acquired a new stake in Goldman Sachs Dynamic New York Municipal Income ETF in the third quarter worth about $13,676,000. Hennion & Walsh Asset Management Inc. acquired a new stake in Goldman Sachs Dynamic New York Municipal Income ETF in the 3rd quarter worth approximately $296,000. Finally, Magnus Financial Group LLC purchased a new stake in Goldman Sachs Dynamic New York Municipal Income ETF during the 3rd quarter worth approximately $736,000.

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.