Short Interest in Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) Expands By 106.4%

Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 6,599 shares, an increase of 106.4% from the June 15th total of 3,197 shares. Based on an average trading volume of 2,686 shares, the days-to-cover ratio is presently 2.5 days. Approximately 0.8% of the company’s stock are sold short.

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

Institutional investors have recently modified their holdings of the stock. Capital Investment Advisory Services LLC bought a new stake in Goldman Sachs Ultra Short Municipal Income ETF during the fourth quarter valued at $82,000. Keebeck Wealth Management acquired a new stake in Goldman Sachs Ultra Short Municipal Income ETF in the first quarter worth approximately $200,000. Citadel Advisors LLC raised its holdings in shares of Goldman Sachs Ultra Short Municipal Income ETF by 5.8% in the 3rd quarter. Citadel Advisors LLC now owns 5,260 shares of the company’s stock worth $265,000 after purchasing an additional 289 shares in the last quarter. Sfmg LLC acquired a new stake in Goldman Sachs Ultra Short Municipal Income ETF during the 4th quarter worth about $748,000. Finally, Axxcess Wealth Management LLC acquired a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF in the fourth quarter worth $1,044,000.

Goldman Sachs Ultra Short Municipal Income ETF Trading Up 0.2%

Shares of NYSEARCA GUMI traded up $0.08 during trading on Friday, reaching $50.43. 13,810 shares of the stock were exchanged, compared to its average volume of 11,261. The business’s 50-day moving average price is $50.33 and its 200 day moving average price is $50.35. Goldman Sachs Ultra Short Municipal Income ETF has a twelve month low of $50.07 and a twelve month 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.