Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) Shares Shorted: Short Interest Down 45.1% in September

by · The Markets Daily

Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI – Get Free Report) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 6,408 shares, a drop of 45.1% from the August 31st total of 11,677 shares. Based on an average daily volume of 21,996 shares, the short-interest ratio is presently 0.3 days. Currently, 0.5% of the company’s shares are short sold.

Goldman Sachs Ultra Short Municipal Income ETF Trading Up 0.2%

GUMI traded up $0.10 during trading hours on Wednesday, reaching $50.18. The company’s stock had a trading volume of 45,274 shares, compared to its average volume of 13,823. The business’s 50-day moving average is $50.29 and its 200-day moving average is $50.32. Goldman Sachs Ultra Short Municipal Income ETF has a fifty-two week low of $50.05 and a fifty-two week high of $51.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. XY Planning Network Inc. purchased a new position in Goldman Sachs Ultra Short Municipal Income ETF in the second quarter worth approximately $830,000. Citadel Advisors LLC acquired a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF in the 2nd quarter valued at about $408,000. Finally, Keebeck Wealth Management acquired a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF in the first quarter valued at approximately $200,000.

About Goldman Sachs Ultra Short Municipal Income ETF

(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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