Short Interest in Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) Drops By 46.7%

Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 3,682 shares, a decline of 46.7% from the May 14th total of 6,907 shares. Based on an average trading volume of 4,130 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.5% of the shares of the company are sold short.

Hedge Funds Weigh In On Goldman Sachs Dynamic New York Municipal Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Kestra Advisory Services LLC acquired a new position in shares of Goldman Sachs Dynamic New York Municipal Income ETF during the fourth quarter valued at $193,000. WNY Asset Management LLC acquired a new position in shares of Goldman Sachs Dynamic New York Municipal Income ETF during the first quarter valued at $496,000. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Goldman Sachs Dynamic New York Municipal Income ETF by 226.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 19,409 shares of the company’s stock valued at $969,000 after acquiring an additional 13,458 shares during the period. Magnus Financial Group LLC boosted its holdings in shares of Goldman Sachs Dynamic New York Municipal Income ETF by 515.6% during the fourth quarter. Magnus Financial Group LLC now owns 91,010 shares of the company’s stock valued at $4,546,000 after acquiring an additional 76,227 shares during the period. Finally, Composition Wealth LLC boosted its holdings in shares of Goldman Sachs Dynamic New York Municipal Income ETF by 6.1% during the fourth quarter. Composition Wealth LLC now owns 291,606 shares of the company’s stock valued at $14,566,000 after acquiring an additional 16,820 shares during the period.

Goldman Sachs Dynamic New York Municipal Income ETF Stock Performance

Shares of GMNY traded up $0.06 during midday trading on Monday, hitting $50.17. 1,262 shares of the stock traded hands, compared to its average volume of 6,458. Goldman Sachs Dynamic New York Municipal Income ETF has a 1-year low of $48.44 and a 1-year high of $50.86. The business’s 50 day moving average price is $50.02 and its two-hundred day moving average price is $50.09.

About Goldman Sachs Dynamic New York Municipal Income ETF

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.