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

Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNYGet Free Report) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 1,719 shares, a decline of 30.7% from the February 26th total of 2,481 shares. Based on an average daily trading volume, of 7,666 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Miracle Mile Advisors LLC purchased a new stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF in the third quarter worth about $13,676,000. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF during the 3rd quarter valued at about $296,000. Magnus Financial Group LLC acquired a new position in Goldman Sachs Dynamic New York Municipal Income ETF during the 3rd quarter worth approximately $736,000. Composition Wealth LLC lifted its position in 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. Finally, Kestra Advisory Services LLC purchased a new position in Goldman Sachs Dynamic New York Municipal Income ETF in the 4th quarter worth approximately $193,000.

Goldman Sachs Dynamic New York Municipal Income ETF Price Performance

Shares of Goldman Sachs Dynamic New York Municipal Income ETF stock traded up $0.07 during trading hours on Monday, hitting $49.67. The company’s stock had a trading volume of 5,208 shares, compared to its average volume of 8,255. The business has a fifty day moving average of $50.24 and a 200 day moving average of $50.04. Goldman Sachs Dynamic New York Municipal Income ETF has a 1-year low of $47.36 and a 1-year high of $50.86.

Goldman Sachs Dynamic New York Municipal Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were issued a $0.1346 dividend. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date was Monday, March 2nd.

About Goldman Sachs Dynamic New York Municipal Income ETF

(Get Free Report)

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.

Further Reading

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