Short Interest in Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) Drops By 59.1%

Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 2,702 shares, a decrease of 59.1% from the June 30th total of 6,599 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 24,985 shares, the days-to-cover ratio is presently 0.1 days.

Goldman Sachs Ultra Short Municipal Income ETF Stock Performance

Shares of NYSEARCA:GUMI opened at $50.39 on Monday. The company has a 50-day moving average price of $50.34 and a two-hundred day moving average price of $50.35. Goldman Sachs Ultra Short Municipal Income ETF has a twelve month low of $50.07 and a twelve month high of $51.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GUMI. Keebeck Wealth Management purchased a new position in Goldman Sachs Ultra Short Municipal Income ETF in the 1st quarter valued at approximately $200,000. Axxcess Wealth Management LLC bought a new stake in Goldman Sachs Ultra Short Municipal Income ETF during the 4th quarter valued at $1,044,000. Betterment LLC lifted its position in shares of Goldman Sachs Ultra Short Municipal Income ETF by 37.5% during the fourth quarter. Betterment LLC now owns 46,690 shares of the company’s stock worth $2,348,000 after acquiring an additional 12,736 shares in the last quarter. Sfmg LLC purchased a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF during the fourth quarter worth $748,000. Finally, Cary Street Partners Financial LLC bought a new position in shares of Goldman Sachs Ultra Short Municipal Income ETF in the fourth 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.