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

Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 2,702 shares, a decrease of 59.1% from the June 30th total of 6,599 shares. Based on an average trading volume of 24,985 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.3% of the shares of the stock are sold short.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its position in shares of Goldman Sachs Ultra Short Municipal Income ETF by 47.1% in the first quarter. Goldman Sachs Group Inc. now owns 125,000 shares of the company’s stock valued at $6,276,000 after buying an additional 40,000 shares during the last quarter. Jane Street Group LLC boosted its position in Goldman Sachs Ultra Short Municipal Income ETF by 10.9% during the first quarter. Jane Street Group LLC now owns 28,061 shares of the company’s stock worth $1,409,000 after acquiring an additional 2,767 shares during the last quarter. Betterment LLC purchased a new stake in Goldman Sachs Ultra Short Municipal Income ETF during the 3rd quarter valued at about $1,711,000. Keebeck Wealth Management purchased a new stake in Goldman Sachs Ultra Short Municipal Income ETF during the 3rd quarter valued at about $401,000. Finally, Citadel Advisors LLC raised its holdings in Goldman Sachs Ultra Short Municipal Income ETF by 5.8% in the 3rd quarter. Citadel Advisors LLC now owns 5,260 shares of the company’s stock valued at $265,000 after acquiring an additional 289 shares during the last quarter.

Goldman Sachs Ultra Short Municipal Income ETF Stock Performance

Shares of NYSEARCA GUMI traded down $0.01 during midday trading on Tuesday, hitting $50.37. The stock had a trading volume of 34,680 shares, compared to its average volume of 11,555. Goldman Sachs Ultra Short Municipal Income ETF has a 1 year low of $50.07 and a 1 year high of $51.00. The stock has a 50 day simple moving average of $50.34 and a 200-day simple moving average of $50.35.

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.