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

Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 6,599 shares, a growth of 106.4% from the June 15th total of 3,197 shares. Based on an average daily volume of 2,686 shares, the short-interest ratio is currently 2.5 days. Currently, 0.8% of the shares of the stock are short sold.

Institutional Trading of Goldman Sachs Ultra Short Municipal Income ETF

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

Goldman Sachs Ultra Short Municipal Income ETF Price Performance

GUMI stock remained flat at $50.32 during midday trading on Wednesday. The company had a trading volume of 8,402 shares, compared to its average volume of 11,387. Goldman Sachs Ultra Short Municipal Income ETF has a fifty-two week low of $50.07 and a fifty-two week high of $51.00. The company’s fifty day simple moving average is $50.32 and its 200 day simple moving average is $50.35.

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.