Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) Shares Shorted: Short Interest Up 1,593.3% in September

Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 11,311 shares, a growth of 1,593.3% from the September 15th total of 668 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 29,174 shares, the short-interest ratio is presently 0.4 days.

Goldman Sachs Dynamic New York Municipal Income ETF Trading Up 0.3%

Goldman Sachs Dynamic New York Municipal Income ETF stock traded up $0.14 during mid-day trading on Friday, hitting $47.69. The company’s stock had a trading volume of 22,175 shares, compared to its average volume of 7,886. Goldman Sachs Dynamic New York Municipal Income ETF has a twelve month low of $47.38 and a twelve month high of $50.86. The stock’s fifty day moving average price is $48.85 and its two-hundred day moving average price is $49.60.

Hedge Funds Weigh In On Goldman Sachs Dynamic New York Municipal Income ETF

A number of hedge funds have recently modified their holdings of the stock. GoalVest Advisory LLC purchased a new stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF during the third quarter valued at $1,637,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of Goldman Sachs Dynamic New York Municipal Income ETF by 26.7% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 56,980 shares of the company’s stock valued at $2,868,000 after purchasing an additional 12,001 shares during the period. WNY Asset Management LLC purchased a new position in Goldman Sachs Dynamic New York Municipal Income ETF in the 1st quarter worth about $496,000. Finally, Citadel Advisors LLC purchased a new position in Goldman Sachs Dynamic New York Municipal Income ETF in the 2nd quarter worth about $220,000.

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.