Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) Short Interest Update

Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) was the target of a large increase in short interest during 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 daily trading volume, of 2,686 shares, the short-interest ratio is currently 2.5 days. Currently, 0.8% of the shares of the company are sold short.

Goldman Sachs Ultra Short Municipal Income ETF Price Performance

Goldman Sachs Ultra Short Municipal Income ETF stock remained flat at $50.32 during trading hours on Wednesday. 8,402 shares of the company’s stock traded hands, compared to its average volume of 11,387. The business’s 50 day moving average is $50.32 and its 200-day moving average is $50.35. Goldman Sachs Ultra Short Municipal Income ETF has a 52-week low of $50.07 and a 52-week high of $51.00.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Keebeck Wealth Management acquired a new stake in Goldman Sachs Ultra Short Municipal Income ETF during the 1st quarter worth approximately $200,000. Axxcess Wealth Management LLC acquired a new position in Goldman Sachs Ultra Short Municipal Income ETF in the 4th quarter valued at $1,044,000. Betterment LLC grew its holdings in 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 valued at $2,348,000 after buying an additional 12,736 shares in the last quarter. Sfmg LLC bought a new position in Goldman Sachs Ultra Short Municipal Income ETF during the 4th quarter worth $748,000. Finally, Cary Street Partners Financial LLC bought a new position in Goldman Sachs Ultra Short Municipal Income ETF during the 4th quarter worth $1,048,000.

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.