Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI – Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 31,578 shares, a growth of 392.8% from the September 15th total of 6,408 shares. Currently, 2.4% of the shares of the company are sold short. Based on an average daily volume of 22,044 shares, the short-interest ratio is currently 1.4 days.
Hedge Funds Weigh In On Goldman Sachs Ultra Short Municipal Income ETF
Hedge funds have recently made changes to their positions in the business. XY Planning Network Inc. acquired a new position in Goldman Sachs Ultra Short Municipal Income ETF in the second quarter worth approximately $830,000. Citadel Advisors LLC acquired a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF during the 2nd quarter valued at $408,000. Finally, Keebeck Wealth Management acquired a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF during the 1st quarter valued at $200,000.
Goldman Sachs Ultra Short Municipal Income ETF Trading Up 0.1%
Shares of NYSEARCA:GUMI traded up $0.03 on Monday, hitting $50.15. The company’s stock had a trading volume of 19,776 shares, compared to its average volume of 14,364. Goldman Sachs Ultra Short Municipal Income ETF has a 12 month low of $50.04 and a 12 month high of $51.00. The stock’s 50-day moving average is $50.25 and its two-hundred day moving average is $50.31.
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.
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