Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) Short Interest Down 84.6% in March

Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) saw a significant drop in short interest in March. As of March 31st, there was short interest totaling 264 shares, a drop of 84.6% from the March 15th total of 1,719 shares. Based on an average daily trading volume, of 18,288 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

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

Goldman Sachs Dynamic New York Municipal Income ETF stock traded down $0.06 during midday trading on Friday, reaching $50.00. The company’s stock had a trading volume of 9,632 shares, compared to its average volume of 8,371. Goldman Sachs Dynamic New York Municipal Income ETF has a fifty-two week low of $47.73 and a fifty-two week high of $50.86. The business has a 50-day simple moving average of $50.17 and a 200-day simple moving average of $50.05.

Goldman Sachs Dynamic New York Municipal Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, March 2nd were paid a $0.1346 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.2%.

Institutional Trading of Goldman Sachs Dynamic New York Municipal Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC acquired a new stake in Goldman Sachs Dynamic New York Municipal Income ETF in the fourth quarter valued at $193,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF during the third quarter worth about $296,000. Magnus Financial Group LLC acquired a new stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF during the third quarter worth about $736,000. Composition Wealth LLC increased its position in shares of 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 worth $14,566,000 after purchasing an additional 16,820 shares in the last quarter. Finally, Miracle Mile Advisors LLC acquired a new stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF during the third quarter worth about $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.