Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) Sees Significant Increase in Short Interest

Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 5,371 shares, a growth of 188.9% from the June 15th total of 1,859 shares. Based on an average trading volume of 4,879 shares, the short-interest ratio is currently 1.1 days. Approximately 0.7% of the company’s stock are sold short.

Goldman Sachs Dynamic New York Municipal Income ETF Price Performance

Shares of GMNY traded down $0.03 during midday trading on Monday, reaching $50.11. The stock had a trading volume of 2,475 shares, compared to its average volume of 6,078. The company’s fifty day simple moving average is $50.09 and its two-hundred day simple moving average is $50.14. Goldman Sachs Dynamic New York Municipal Income ETF has a 1-year low of $48.44 and a 1-year high of $50.86.

Hedge Funds Weigh In On Goldman Sachs Dynamic New York Municipal Income ETF

Several large investors have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new stake in Goldman Sachs Dynamic New York Municipal Income ETF in the fourth quarter valued at $193,000. WNY Asset Management LLC acquired a new position in shares of Goldman Sachs Dynamic New York Municipal Income ETF during the 1st quarter worth about $496,000. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Goldman Sachs Dynamic New York Municipal Income ETF by 226.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 19,409 shares of the company’s stock valued at $969,000 after acquiring an additional 13,458 shares during the last quarter. Magnus Financial Group LLC increased its holdings in shares of Goldman Sachs Dynamic New York Municipal Income ETF by 515.6% in the 4th quarter. Magnus Financial Group LLC now owns 91,010 shares of the company’s stock valued at $4,546,000 after acquiring an additional 76,227 shares during the last quarter. Finally, Composition Wealth LLC raised its position in shares of Goldman Sachs Dynamic New York Municipal Income ETF by 6.1% during the 4th quarter. Composition Wealth LLC now owns 291,606 shares of the company’s stock worth $14,566,000 after acquiring an additional 16,820 shares in 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.