Grayscale Sui Staking ETF (NYSEARCA:GSUI) Sees Large Increase in Short Interest

Grayscale Sui Staking ETF (NYSEARCA:GSUI) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 110,061 shares, a growth of 109.8% from the September 15th total of 52,448 shares. Based on an average daily volume of 143,041 shares, the days-to-cover ratio is presently 0.8 days. Currently, 5.0% of the shares of the company are short sold.

Grayscale Sui Staking ETF Price Performance

Shares of NYSEARCA GSUI traded down $0.21 during mid-day trading on Tuesday, hitting $15.29. 40,750 shares of the company were exchanged, compared to its average volume of 45,864. The stock has a 50 day simple moving average of $12.30 and a 200-day simple moving average of $12.53. Grayscale Sui Staking ETF has a 1-year low of $9.44 and a 1-year high of $34.40.

Grayscale Sui Staking ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Monday, October 5th were paid a $0.0142 dividend. This represents a $0.17 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Monday, October 5th.

Goldman Sachs Ultra-Short Duration Income ETF (NYSEARCA: GSUI) is an exchange-traded fund managed by Goldman Sachs Asset Management. The fund is designed to provide investors with current income while seeking to limit interest-rate sensitivity through a portfolio focused on very short-duration fixed-income instruments. It is listed on the NYSE Arca and is offered as a liquid, ETF-format solution for investors looking to manage short-term cash or add a low-duration income sleeve to a broader fixed-income allocation.

The fund pursues its objective by constructing a diversified portfolio of short-term debt securities and cash-equivalent instruments.