Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) Short Interest Up 657.6% in April

Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 2,000 shares, a growth of 657.6% from the March 31st total of 264 shares. Based on an average trading volume of 5,488 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Composition Wealth LLC lifted its position in Goldman Sachs Dynamic New York Municipal Income ETF by 6.1% during the 4th quarter. Composition Wealth LLC now owns 291,606 shares of the company’s stock valued at $14,566,000 after purchasing an additional 16,820 shares during the period. Miracle Mile Advisors LLC acquired a new position in Goldman Sachs Dynamic New York Municipal Income ETF in the third quarter valued at approximately $13,676,000. Magnus Financial Group LLC lifted 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 valued at $4,546,000 after buying an additional 76,227 shares during the period. Hennion & Walsh Asset Management Inc. lifted its holdings 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 valued at $969,000 after buying an additional 13,458 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in Goldman Sachs Dynamic New York Municipal Income ETF in the fourth quarter valued at approximately $193,000.

Goldman Sachs Dynamic New York Municipal Income ETF Trading Up 0.1%

Goldman Sachs Dynamic New York Municipal Income ETF stock traded up $0.04 on Friday, hitting $50.23. The company’s stock had a trading volume of 275 shares, compared to its average volume of 7,937. The company has a fifty day moving average price of $50.13 and a 200-day moving average price of $50.08. Goldman Sachs Dynamic New York Municipal Income ETF has a one year low of $48.44 and a one 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.