Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) Sees Large Increase in Short Interest

Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 4,104 shares, an increase of 143.1% from the April 30th total of 1,688 shares. Based on an average daily trading volume, of 16,490 shares, the short-interest ratio is presently 0.2 days. Approximately 0.5% of the shares of the stock are short sold.

Institutional Trading of Goldman Sachs Ultra Short Municipal Income ETF

Hedge funds have recently bought and sold shares of the business. Capital Investment Advisory Services LLC purchased a new position in Goldman Sachs Ultra Short Municipal Income ETF in the 4th quarter worth approximately $82,000. Keebeck Wealth Management purchased a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF in the first quarter valued at approximately $200,000. Citadel Advisors LLC increased 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 worth $265,000 after acquiring an additional 289 shares during the last quarter. Sfmg LLC purchased a new position in Goldman Sachs Ultra Short Municipal Income ETF during the fourth quarter worth about $748,000. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF during the 4th quarter valued at approximately $1,044,000.

Goldman Sachs Ultra Short Municipal Income ETF Price Performance

Shares of NYSEARCA GUMI traded down $0.02 during mid-day trading on Friday, reaching $50.34. The company’s stock had a trading volume of 11,552 shares, compared to its average volume of 10,744. The stock has a 50-day moving average of $50.34 and a two-hundred day moving average of $50.34. Goldman Sachs Ultra Short Municipal Income ETF has a 1-year low of $50.07 and a 1-year high of $51.00.

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.