Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) Short Interest Update

Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 6,907 shares, an increase of 121.9% from the April 30th total of 3,113 shares. Based on an average daily trading volume, of 3,104 shares, the short-interest ratio is presently 2.2 days. Approximately 1.0% of the shares of the company are short sold.

Goldman Sachs Dynamic New York Municipal Income ETF Price Performance

Shares of NYSEARCA:GMNY traded down $0.03 during trading on Monday, reaching $50.10. 10,694 shares of the company’s stock traded hands, compared to its average volume of 6,849. Goldman Sachs Dynamic New York Municipal Income ETF has a 12 month low of $48.44 and a 12 month high of $50.86. The company has a 50 day moving average of $49.94 and a 200-day moving average of $50.08.

Institutional Investors Weigh In On Goldman Sachs Dynamic New York Municipal Income ETF

A number of institutional investors have recently modified their holdings of GMNY. Magnus Financial Group LLC grew its position in Goldman Sachs Dynamic New York Municipal Income ETF by 515.6% in the 4th quarter. Magnus Financial Group LLC now owns 91,010 shares of the company’s stock worth $4,546,000 after purchasing an additional 76,227 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Goldman Sachs Dynamic New York Municipal Income ETF by 226.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 19,409 shares of the company’s stock worth $969,000 after purchasing an additional 13,458 shares during the last quarter. Composition Wealth LLC grew its position in 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 worth $14,566,000 after purchasing an additional 16,820 shares during the last quarter. Kestra Advisory Services LLC bought a new position in Goldman Sachs Dynamic New York Municipal Income ETF in the 4th quarter worth about $193,000. Finally, WNY Asset Management LLC bought a new position in Goldman Sachs Dynamic New York Municipal Income ETF in the 1st quarter worth about $496,000.

About Goldman Sachs Dynamic New York Municipal Income ETF

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.