Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) Shares Shorted: Short Interest Up 89.7% in October

Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 59,895 shares, an increase of 89.7% from the September 30th total of 31,578 shares. Currently, 4.0% of the shares of the company are sold short. Based on an average daily trading volume, of 42,507 shares, the short-interest ratio is currently 1.4 days.

Institutional Investors Weigh In On Goldman Sachs Ultra Short Municipal Income ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC bought a new position in Goldman Sachs Ultra Short Municipal Income ETF during the third quarter valued at $1,171,000. Axxcess Wealth Management LLC boosted its stake in Goldman Sachs Ultra Short Municipal Income ETF by 10.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 10,995 shares of the company’s stock worth $552,000 after purchasing an additional 995 shares during the period. XY Planning Network Inc. purchased a new position in shares of Goldman Sachs Ultra Short Municipal Income ETF during the 2nd quarter valued at $830,000. Citadel Advisors LLC purchased a new stake in Goldman Sachs Ultra Short Municipal Income ETF in the second quarter valued at approximately $408,000. Finally, Keebeck Wealth Management purchased a new stake in Goldman Sachs Ultra Short Municipal Income ETF during the first quarter valued at about $200,000.

Goldman Sachs Ultra Short Municipal Income ETF Stock Performance

Shares of GUMI stock opened at $50.36 on Tuesday. The firm has a fifty day moving average of $50.25 and a 200-day moving average of $50.33. Goldman Sachs Ultra Short Municipal Income ETF has a 52-week low of $50.04 and a 52-week 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.