Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) Short Interest Down 65.7% in April

Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 1,688 shares, a decrease of 65.7% from the April 15th total of 4,921 shares. Based on an average trading volume of 18,327 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are short sold.

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

A number of institutional investors have recently added to or reduced their stakes in GUMI. Goldman Sachs Group Inc. increased its position in Goldman Sachs Ultra Short Municipal Income ETF by 47.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 125,000 shares of the company’s stock worth $6,276,000 after purchasing an additional 40,000 shares in the last quarter. Jane Street Group LLC increased its position in Goldman Sachs Ultra Short Municipal Income ETF by 10.9% during the 1st quarter. Jane Street Group LLC now owns 28,061 shares of the company’s stock worth $1,409,000 after purchasing an additional 2,767 shares in the last quarter. Betterment LLC acquired a new position in Goldman Sachs Ultra Short Municipal Income ETF during the 3rd quarter worth approximately $1,711,000. Keebeck Wealth Management acquired a new position in Goldman Sachs Ultra Short Municipal Income ETF during the 3rd quarter worth approximately $401,000. Finally, Citadel Advisors LLC increased its position in Goldman Sachs Ultra Short Municipal Income ETF by 5.8% during the 3rd quarter. Citadel Advisors LLC now owns 5,260 shares of the company’s stock worth $265,000 after purchasing an additional 289 shares in the last quarter.

Goldman Sachs Ultra Short Municipal Income ETF Stock Performance

Shares of Goldman Sachs Ultra Short Municipal Income ETF stock traded down $0.01 on Friday, reaching $50.29. 10,154 shares of the stock were exchanged, compared to its average volume of 10,453. The firm’s 50 day moving average is $50.34 and its 200-day moving average is $50.34. Goldman Sachs Ultra Short Municipal Income ETF has a one year low of $50.07 and a one year high of $51.00.

About Goldman Sachs Ultra Short Municipal Income ETF

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.