Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) Stock Short Interest Rises 89.7%

by · The Cerbat Gem

Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI – Get Free Report) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 59,895 shares, a growth of 89.7% from the September 30th total of 31,578 shares. Currently, 4.0% of the shares of the company are short sold. Based on an average daily trading volume, of 42,507 shares, the days-to-cover ratio is presently 1.4 days.

Hedge Funds Weigh In On Goldman Sachs Ultra Short Municipal Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Keebeck Wealth Management acquired a new position in Goldman Sachs Ultra Short Municipal Income ETF during the first quarter worth $200,000. Citadel Advisors LLC acquired a new stake in Goldman Sachs Ultra Short Municipal Income ETF in the second quarter valued at $408,000. Axxcess Wealth Management LLC grew its holdings in Goldman Sachs Ultra Short Municipal Income ETF by 10.0% in the third quarter. Axxcess Wealth Management LLC now owns 10,995 shares of the company’s stock valued at $552,000 after purchasing an additional 995 shares during the last quarter. Finally, XY Planning Network Inc. acquired a new stake in Goldman Sachs Ultra Short Municipal Income ETF in the second quarter valued at $830,000.

Goldman Sachs Ultra Short Municipal Income ETF Stock Performance

GUMI stock opened at $50.44 on Friday. Goldman Sachs Ultra Short Municipal Income ETF has a one year low of $50.04 and a one year high of $51.00. The company has a fifty day moving average of $50.25 and a 200-day moving average of $50.33.

Goldman Sachs Ultra Short Municipal Income ETF Company Profile

(Get Free Report)

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.

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