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

Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 1,688 shares, a decline of 65.7% from the April 15th total of 4,921 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 18,327 shares, the days-to-cover ratio is presently 0.1 days.

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

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

Goldman Sachs Ultra Short Municipal Income ETF Trading Down 0.0%

Shares of NYSEARCA GUMI traded down $0.01 during trading hours on Friday, hitting $50.29. The stock had a trading volume of 10,154 shares, compared to its average volume of 10,453. The firm’s 50-day moving average price is $50.34 and its two-hundred day moving average price is $50.34. Goldman Sachs Ultra Short Municipal Income ETF has a 52 week low of $50.07 and a 52 week high of $51.00.

About Goldman Sachs Ultra Short Municipal Income ETF

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.