Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) Short Interest Update

Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) saw a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 4,871 shares, a decline of 60.1% from the January 29th total of 12,201 shares. Based on an average daily volume of 4,943 shares, the short-interest ratio is presently 1.0 days. Currently, 0.8% of the shares of the company are sold short. Currently, 0.8% of the shares of the company are sold short. Based on an average daily volume of 4,943 shares, the short-interest ratio is presently 1.0 days.

Goldman Sachs Dynamic New York Municipal Income ETF Stock Performance

Shares of GMNY stock traded up $0.04 during trading on Friday, reaching $50.77. 12,890 shares of the company’s stock traded hands, compared to its average volume of 6,007. The firm’s 50-day moving average is $50.27 and its 200 day moving average is $49.87. 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, February 6th. Stockholders of record on Monday, February 2nd were issued a $0.1428 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Trading of Goldman Sachs Dynamic New York Municipal Income ETF

A number of institutional investors have recently added to or reduced their stakes in GMNY. Kestra Advisory Services LLC purchased a new position in Goldman Sachs Dynamic New York Municipal Income ETF during the 4th quarter valued at about $193,000. Hennion & Walsh Asset Management Inc. bought a new position in shares of Goldman Sachs Dynamic New York Municipal Income ETF in the third quarter valued at approximately $296,000. Magnus Financial Group LLC bought a new position in shares of Goldman Sachs Dynamic New York Municipal Income ETF in the third quarter valued at approximately $736,000. Composition Wealth LLC grew its stake in Goldman Sachs Dynamic New York Municipal Income ETF by 6.1% during the fourth quarter. Composition Wealth LLC now owns 291,606 shares of the company’s stock valued at $14,566,000 after acquiring an additional 16,820 shares in the last quarter. Finally, Miracle Mile Advisors LLC bought a new stake in Goldman Sachs Dynamic New York Municipal Income ETF during the 3rd quarter worth approximately $13,676,000.

Goldman Sachs Dynamic New York Municipal Income ETF Company Profile

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.