Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) Sees Large Decrease in Short Interest

Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 1,719 shares, a decrease of 30.7% from the February 26th total of 2,481 shares. Based on an average daily trading volume, of 7,666 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the company’s shares are sold short.

Hedge Funds Weigh In On Goldman Sachs Dynamic New York Municipal Income ETF

Several institutional investors have recently modified their holdings of the business. Composition Wealth LLC grew its position in shares of Goldman Sachs Dynamic New York Municipal Income ETF by 6.1% in the 4th quarter. Composition Wealth LLC now owns 291,606 shares of the company’s stock valued at $14,566,000 after purchasing an additional 16,820 shares during the period. Miracle Mile Advisors LLC acquired a new stake in Goldman Sachs Dynamic New York Municipal Income ETF during the 3rd quarter worth approximately $13,676,000. Magnus Financial Group LLC raised its holdings in Goldman Sachs Dynamic New York Municipal Income ETF by 515.6% during the 4th quarter. Magnus Financial Group LLC now owns 91,010 shares of the company’s stock worth $4,546,000 after buying an additional 76,227 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in Goldman Sachs Dynamic New York Municipal Income ETF by 226.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 19,409 shares of the company’s stock valued at $969,000 after buying an additional 13,458 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Goldman Sachs Dynamic New York Municipal Income ETF in the fourth quarter valued at approximately $193,000.

Goldman Sachs Dynamic New York Municipal Income ETF Stock Performance

Goldman Sachs Dynamic New York Municipal Income ETF stock traded up $0.08 during mid-day trading on Friday, hitting $49.60. 7,262 shares of the company’s stock were exchanged, compared to its average volume of 8,308. The company’s 50 day simple moving average is $50.25 and its 200-day simple moving average is $50.04. Goldman Sachs Dynamic New York Municipal Income ETF has a fifty-two week low of $47.36 and a fifty-two week high of $50.86.

Goldman Sachs Dynamic New York Municipal Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, March 2nd were given a dividend of $0.1346 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%.

Goldman Sachs Dynamic New York Municipal Income ETF Company Profile

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.