Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) Short Interest Up 336.1% in July

Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 11,784 shares, a growth of 336.1% from the July 15th total of 2,702 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average daily volume of 13,620 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On Goldman Sachs Ultra Short Municipal Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its stake in Goldman Sachs Ultra Short Municipal Income ETF by 47.1% in the first quarter. Goldman Sachs Group Inc. now owns 125,000 shares of the company’s stock worth $6,276,000 after acquiring an additional 40,000 shares during the period. HighTower Advisors LLC purchased a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF in the 4th quarter worth about $2,919,000. Betterment LLC lifted its position in shares of Goldman Sachs Ultra Short Municipal Income ETF by 37.5% in the 4th quarter. Betterment LLC now owns 46,690 shares of the company’s stock worth $2,348,000 after purchasing an additional 12,736 shares during the period. Jane Street Group LLC boosted its stake in shares of Goldman Sachs Ultra Short Municipal Income ETF by 10.9% during the 1st quarter. Jane Street Group LLC now owns 28,061 shares of the company’s stock valued at $1,409,000 after purchasing an additional 2,767 shares in the last quarter. Finally, Cary Street Partners Financial LLC purchased a new position in shares of Goldman Sachs Ultra Short Municipal Income ETF during the fourth quarter valued at about $1,048,000.

Goldman Sachs Ultra Short Municipal Income ETF Stock Up 0.0%

NYSEARCA:GUMI traded up $0.01 during mid-day trading on Wednesday, reaching $50.33. 688 shares of the company’s stock traded hands, compared to its average volume of 12,302. The company has a 50 day moving average price of $50.34 and a 200-day moving average price of $50.35. Goldman Sachs Ultra Short Municipal Income ETF has a 12-month low of $50.07 and a 12-month 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.