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) was the recipient of a large growth in short interest in 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. Based on an average trading volume of 13,620 shares, the short-interest ratio is presently 0.9 days. Approximately 1.2% of the company’s stock are sold short.

Institutional Trading of Goldman Sachs Ultra Short Municipal Income ETF

A number of hedge funds have recently modified their holdings of the business. Keebeck Wealth Management bought a new position in shares of Goldman Sachs Ultra Short Municipal Income ETF in the 1st quarter worth about $200,000. Citadel Advisors LLC boosted its stake in Goldman Sachs Ultra Short Municipal Income ETF by 5.8% during the third quarter. Citadel Advisors LLC now owns 5,260 shares of the company’s stock worth $265,000 after acquiring an additional 289 shares in the last quarter. Sfmg LLC purchased a new stake in Goldman Sachs Ultra Short Municipal Income ETF in the fourth quarter worth about $748,000. Axxcess Wealth Management LLC purchased a new stake in Goldman Sachs Ultra Short Municipal Income ETF in the fourth quarter worth about $1,044,000. Finally, Cary Street Partners Financial LLC bought a new position in shares of Goldman Sachs Ultra Short Municipal Income ETF during the fourth quarter valued at approximately $1,048,000.

Goldman Sachs Ultra Short Municipal Income ETF Trading Up 0.0%

Shares of NYSEARCA GUMI traded up $0.01 during mid-day trading on Wednesday, hitting $50.33. 688 shares of the stock traded hands, compared to its average volume of 12,302. Goldman Sachs Ultra Short Municipal Income ETF has a 52 week low of $50.07 and a 52 week high of $51.00. The stock has a fifty day moving average price of $50.34 and a 200-day moving average price of $50.35.

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.