Short Interest in Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) Declines By 46.7%

Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 3,682 shares, a decrease of 46.7% from the May 14th total of 6,907 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 4,130 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. WNY Asset Management LLC bought a new position in shares of Goldman Sachs Dynamic New York Municipal Income ETF in the first quarter worth approximately $496,000. Kestra Advisory Services LLC bought a new position in shares of Goldman Sachs Dynamic New York Municipal Income ETF in the fourth quarter worth approximately $193,000. Composition Wealth LLC lifted its stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF by 6.1% in the fourth quarter. Composition Wealth LLC now owns 291,606 shares of the company’s stock worth $14,566,000 after buying an additional 16,820 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF by 226.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 19,409 shares of the company’s stock worth $969,000 after buying an additional 13,458 shares in the last quarter. Finally, Magnus Financial Group LLC lifted its stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF by 515.6% in the fourth quarter. Magnus Financial Group LLC now owns 91,010 shares of the company’s stock worth $4,546,000 after buying an additional 76,227 shares in the last quarter.

Goldman Sachs Dynamic New York Municipal Income ETF Price Performance

GMNY traded down $0.03 during midday trading on Friday, reaching $50.11. The company’s stock had a trading volume of 13 shares, compared to its average volume of 6,504. Goldman Sachs Dynamic New York Municipal Income ETF has a 1 year low of $48.44 and a 1 year high of $50.86. The stock’s 50-day moving average is $50.02 and its 200-day moving average is $50.09.

About Goldman Sachs Dynamic New York Municipal Income ETF

The Goldman Sachs Dynamic New York Municipal Income ETF (GMNY) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks a high level of current income by investing in municipal securities exempt from federal and New York state income tax. The actively managed fund mainly holds investment grade bonds with a two- to eight-year duration. GMNY was launched on Jul 23, 2024 and is issued by Goldman Sachs.