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

Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 3,197 shares, an increase of 18,705.9% from the May 31st total of 17 shares. Based on an average daily trading volume, of 13,018 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.4% of the shares of the stock are short sold.

Goldman Sachs Ultra Short Municipal Income ETF Stock Performance

Shares of NYSEARCA:GUMI opened at $50.40 on Friday. The firm has a 50 day moving average of $50.33 and a 200-day moving average of $50.35. Goldman Sachs Ultra Short Municipal Income ETF has a 12 month low of $50.07 and a 12 month high of $51.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in Goldman Sachs Ultra Short Municipal Income ETF by 47.1% during the first quarter. Goldman Sachs Group Inc. now owns 125,000 shares of the company’s stock worth $6,276,000 after purchasing an additional 40,000 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF in the 4th quarter valued at $2,919,000. Betterment LLC increased its stake in shares of Goldman Sachs Ultra Short Municipal Income ETF by 37.5% in the 4th quarter. Betterment LLC now owns 46,690 shares of the company’s stock valued at $2,348,000 after purchasing an additional 12,736 shares during the last quarter. Jane Street Group LLC increased 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 purchasing an additional 2,767 shares during the last quarter. Finally, Cary Street Partners Financial LLC acquired a new position in shares of Goldman Sachs Ultra Short Municipal Income ETF during the 4th quarter worth $1,048,000.

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.