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

Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) was the recipient of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 12,201 shares, a decrease of 20.8% from the January 15th total of 15,411 shares. Based on an average daily volume of 7,946 shares, the short-interest ratio is presently 1.5 days. Approximately 2.0% of the company’s shares are short sold. Approximately 2.0% of the company’s shares are short sold. Based on an average daily volume of 7,946 shares, the short-interest ratio is presently 1.5 days.

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

Several hedge funds and other institutional investors have recently modified their holdings of GMNY. Kestra Advisory Services LLC acquired a new stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF in the fourth quarter valued at about $193,000. Composition Wealth LLC boosted its holdings in Goldman Sachs Dynamic New York Municipal Income ETF by 6.1% in 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 during the period. Hennion & Walsh Asset Management Inc. grew its position in 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 valued at $969,000 after acquiring an additional 13,458 shares in the last quarter. Magnus Financial Group LLC raised its stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF by 515.6% during the fourth quarter. Magnus Financial Group LLC now owns 91,010 shares of the company’s stock valued at $4,546,000 after purchasing an additional 76,227 shares during the period. Finally, Miracle Mile Advisors LLC purchased a new position in shares of Goldman Sachs Dynamic New York Municipal Income ETF in the third quarter valued at $13,676,000.

Goldman Sachs Dynamic New York Municipal Income ETF Stock Up 0.1%

Shares of GMNY traded up $0.05 during mid-day trading on Tuesday, reaching $50.54. The company had a trading volume of 248 shares, compared to its average volume of 6,521. Goldman Sachs Dynamic New York Municipal Income ETF has a fifty-two week low of $47.36 and a fifty-two week high of $50.56. The firm has a fifty day simple moving average of $50.16 and a 200-day simple moving average of $49.79.

Goldman Sachs Dynamic New York Municipal Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 6th. Shareholders of record on Monday, February 2nd were given a dividend of $0.1428 per share. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Monday, February 2nd.

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.