Short Interest in Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) Rises By 106.4%

Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 6,599 shares, a growth of 106.4% from the June 15th total of 3,197 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average trading volume of 2,686 shares, the short-interest ratio is currently 2.5 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Capital Investment Advisory Services LLC acquired a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF in the fourth quarter valued at about $82,000. Keebeck Wealth Management acquired a new stake in Goldman Sachs Ultra Short Municipal Income ETF in the first quarter worth approximately $200,000. Citadel Advisors LLC grew its holdings in shares of Goldman Sachs Ultra Short Municipal Income ETF by 5.8% in the 3rd quarter. Citadel Advisors LLC now owns 5,260 shares of the company’s stock worth $265,000 after acquiring an additional 289 shares during the last quarter. Sfmg LLC purchased a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF in the fourth quarter valued at $748,000. Finally, Axxcess Wealth Management LLC acquired a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF during the 4th quarter valued at $1,044,000.

Goldman Sachs Ultra Short Municipal Income ETF Stock Up 0.1%

Shares of NYSEARCA GUMI traded up $0.03 during midday trading on Thursday, reaching $50.35. 2,502 shares of the stock were exchanged, compared to its average volume of 11,321. Goldman Sachs Ultra Short Municipal Income ETF has a twelve month low of $50.07 and a twelve month high of $51.00. The company has a 50 day simple moving average of $50.33 and a 200 day simple moving average of $50.35.

Goldman Sachs Ultra Short Municipal Income ETF Company Profile

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.