Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) Sees Significant Growth in Short Interest

Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 3,197 shares, a growth of 18,705.9% from the May 31st total of 17 shares. Based on an average daily trading volume, of 13,018 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.4% of the shares of the stock are short sold.

Goldman Sachs Ultra Short Municipal Income ETF Trading Up 0.0%

Shares of Goldman Sachs Ultra Short Municipal Income ETF stock traded up $0.01 on Thursday, hitting $50.38. The company had a trading volume of 5,188 shares, compared to its average volume of 10,427. The business has a 50-day simple moving average of $50.33 and a 200-day simple moving average of $50.35. Goldman Sachs Ultra Short Municipal Income ETF has a 52 week low of $50.07 and a 52 week high of $51.00.

Institutional Investors Weigh In On Goldman Sachs Ultra Short Municipal Income ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC purchased a new stake in Goldman Sachs Ultra Short Municipal Income ETF during the fourth quarter valued at about $82,000. Keebeck Wealth Management purchased a new position in shares of Goldman Sachs Ultra Short Municipal Income ETF in the first quarter worth approximately $200,000. Citadel Advisors LLC increased its position in shares of Goldman Sachs Ultra Short Municipal Income ETF by 5.8% in the third quarter. Citadel Advisors LLC now owns 5,260 shares of the company’s stock worth $265,000 after acquiring an additional 289 shares in the last quarter. Sfmg LLC acquired a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF during the fourth quarter valued at approximately $748,000. Finally, Axxcess Wealth Management LLC acquired a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF during the fourth quarter valued at approximately $1,044,000.

Goldman Sachs Ultra Short Municipal Income ETF Company Profile

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.