Short Interest in Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) Declines By 99.6%

Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 17 shares, a decrease of 99.6% from the May 14th total of 4,104 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 13,789 shares, the short-interest ratio is currently 0.0 days.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of GUMI. Sfmg LLC acquired a new position in Goldman Sachs Ultra Short Municipal Income ETF during the 4th quarter worth approximately $748,000. Cary Street Partners Financial LLC acquired a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF in the fourth quarter valued at approximately $1,048,000. HighTower Advisors LLC acquired a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF in the fourth quarter valued at approximately $2,919,000. Axxcess Wealth Management LLC bought a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF in the fourth quarter worth $1,044,000. Finally, Jane Street Group LLC lifted its position in shares of Goldman Sachs Ultra Short Municipal Income ETF by 10.9% in the first quarter. Jane Street Group LLC now owns 28,061 shares of the company’s stock worth $1,409,000 after purchasing an additional 2,767 shares in the last quarter.

Goldman Sachs Ultra Short Municipal Income ETF Price Performance

GUMI opened at $50.28 on Wednesday. The business’s 50-day moving average price is $50.33 and its two-hundred day moving average price is $50.34. Goldman Sachs Ultra Short Municipal Income ETF has a 1 year low of $50.07 and a 1 year 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.