Short Interest in Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) Grows By 121.9%

Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 6,907 shares, an increase of 121.9% from the April 30th total of 3,113 shares. Based on an average daily trading volume, of 3,104 shares, the short-interest ratio is currently 2.2 days. Approximately 1.0% of the company’s stock are sold short.

Goldman Sachs Dynamic New York Municipal Income ETF Stock Performance

GMNY traded down $0.01 during trading on Friday, hitting $50.13. 4,888 shares of the company’s stock traded hands, compared to its average volume of 6,813. The company’s 50 day simple moving average is $49.93 and its two-hundred day simple moving average is $50.08. Goldman Sachs Dynamic New York Municipal Income ETF has a 12-month low of $48.44 and a 12-month high of $50.86.

Institutional Trading of Goldman Sachs Dynamic New York Municipal Income ETF

Institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC purchased a new stake in Goldman Sachs Dynamic New York Municipal Income ETF during the 4th quarter valued at $193,000. WNY Asset Management LLC purchased a new stake in Goldman Sachs Dynamic New York Municipal Income ETF during the 1st quarter valued at $496,000. Hennion & Walsh Asset Management Inc. boosted its stake in Goldman Sachs Dynamic New York Municipal Income ETF by 226.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 19,409 shares of the company’s stock valued at $969,000 after purchasing an additional 13,458 shares during the last quarter. Magnus Financial Group LLC boosted its stake in Goldman Sachs Dynamic New York Municipal Income ETF by 515.6% during the 4th quarter. Magnus Financial Group LLC now owns 91,010 shares of the company’s stock valued at $4,546,000 after purchasing an additional 76,227 shares during the last quarter. Finally, Composition Wealth LLC boosted its stake in Goldman Sachs Dynamic New York Municipal Income ETF by 6.1% during the 4th quarter. Composition Wealth LLC now owns 291,606 shares of the company’s stock valued at $14,566,000 after purchasing an additional 16,820 shares during the last quarter.

Goldman Sachs Dynamic New York Municipal Income ETF Company Profile

The Goldman Sachs Dynamic New York Municipal Income ETF (GMNY) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks a high level of current income by investing in municipal securities exempt from federal and New York state income tax. The actively managed fund mainly holds investment grade bonds with a two- to eight-year duration. GMNY was launched on Jul 23, 2024 and is issued by Goldman Sachs.