Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) Short Interest Down 49.5% in June

Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 1,859 shares, a decrease of 49.5% from the May 31st total of 3,682 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 3,207 shares, the days-to-cover ratio is presently 0.6 days.

Goldman Sachs Dynamic New York Municipal Income ETF Price Performance

Shares of NYSEARCA GMNY traded down $0.06 during midday trading on Tuesday, hitting $50.32. 392 shares of the company’s stock were exchanged, compared to its average volume of 6,302. Goldman Sachs Dynamic New York Municipal Income ETF has a twelve month low of $48.44 and a twelve month high of $50.86. The firm’s fifty day simple moving average is $50.08 and its 200-day simple moving average is $50.12.

Institutional Investors Weigh In On Goldman Sachs Dynamic New York Municipal Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC purchased a new position in shares of Goldman Sachs Dynamic New York Municipal Income ETF during the fourth quarter worth about $193,000. WNY Asset Management LLC purchased a new stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF in the 1st quarter valued at about $496,000. Hennion & Walsh Asset Management Inc. increased its position in Goldman Sachs Dynamic New York Municipal Income ETF by 226.1% during 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 during the period. Composition Wealth LLC increased its position in Goldman Sachs Dynamic New York Municipal Income ETF by 6.1% during 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 during the period. Finally, Magnus Financial Group LLC lifted its stake in 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 valued at $4,546,000 after buying an additional 76,227 shares during the last quarter.

Goldman Sachs Dynamic New York Municipal Income ETF Company Profile

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.