Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) Short Interest Up 188.9% in June

Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 5,371 shares, an increase of 188.9% from the June 15th total of 1,859 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 4,879 shares, the short-interest ratio is currently 1.1 days.

Institutional Investors Weigh In On Goldman Sachs Dynamic New York Municipal Income ETF

Several institutional investors have recently made changes to their positions in GMNY. Magnus Financial Group LLC increased its holdings in Goldman Sachs Dynamic New York Municipal Income ETF by 515.6% in the fourth quarter. Magnus Financial Group LLC now owns 91,010 shares of the company’s stock worth $4,546,000 after buying an additional 76,227 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Goldman Sachs Dynamic New York Municipal Income ETF by 226.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 19,409 shares of the company’s stock worth $969,000 after acquiring an additional 13,458 shares in the last quarter. Composition Wealth LLC grew its position in Goldman Sachs Dynamic New York Municipal Income ETF by 6.1% in the fourth quarter. Composition Wealth LLC now owns 291,606 shares of the company’s stock worth $14,566,000 after acquiring an additional 16,820 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Goldman Sachs Dynamic New York Municipal Income ETF during the 4th quarter worth $193,000. Finally, WNY Asset Management LLC acquired a new position in shares of Goldman Sachs Dynamic New York Municipal Income ETF during the 1st quarter worth $496,000.

Goldman Sachs Dynamic New York Municipal Income ETF Stock Performance

NYSEARCA GMNY traded up $0.02 on Tuesday, reaching $50.13. The stock had a trading volume of 440 shares, compared to its average volume of 6,034. The business has a 50 day moving average price of $50.09 and a 200 day moving average price of $50.14. Goldman Sachs Dynamic New York Municipal Income ETF has a 1 year low of $48.44 and a 1 year high of $50.86.

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.