Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) Sees Significant Decrease in Short Interest

Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 1,688 shares, a decline of 65.7% from the April 15th total of 4,921 shares. Based on an average trading volume of 18,327 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the company’s stock are short sold.

Hedge Funds Weigh In On Goldman Sachs Ultra Short Municipal Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of GUMI. Goldman Sachs Group Inc. grew its stake in Goldman Sachs Ultra Short Municipal Income ETF by 47.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 125,000 shares of the company’s stock valued at $6,276,000 after acquiring an additional 40,000 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Goldman Sachs Ultra Short Municipal Income ETF by 10.9% in the 1st quarter. Jane Street Group LLC now owns 28,061 shares of the company’s stock valued at $1,409,000 after buying an additional 2,767 shares in the last quarter. Betterment LLC bought a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF in the 3rd quarter valued at approximately $1,711,000. Keebeck Wealth Management bought a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF in the 3rd quarter valued at approximately $401,000. Finally, Citadel Advisors LLC grew 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 valued at $265,000 after buying an additional 289 shares in the last quarter.

Goldman Sachs Ultra Short Municipal Income ETF Trading Down 0.0%

NYSEARCA:GUMI traded down $0.01 on Friday, hitting $50.29. 10,154 shares of the company’s stock traded hands, compared to its average volume of 10,453. Goldman Sachs Ultra Short Municipal Income ETF has a 1 year low of $50.07 and a 1 year high of $51.00. The firm has a 50-day moving average price of $50.34 and a 200-day moving average price of $50.34.

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.