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

Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 3,197 shares, a growth of 18,705.9% from the May 31st total of 17 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 13,018 shares, the short-interest ratio is currently 0.2 days.

Goldman Sachs Ultra Short Municipal Income ETF Trading Up 0.0%

Shares of NYSEARCA GUMI traded up $0.01 during trading hours on Thursday, hitting $50.38. The stock had a trading volume of 5,188 shares, compared to its average volume of 10,427. The firm’s 50-day moving average price is $50.33 and its two-hundred day moving average price is $50.35. Goldman Sachs Ultra Short Municipal Income ETF has a 52 week low of $50.07 and a 52 week high of $51.00.

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

A number of institutional investors have recently modified their holdings of GUMI. Goldman Sachs Group Inc. raised its position in 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 worth $6,276,000 after purchasing an additional 40,000 shares in the last quarter. HighTower Advisors LLC acquired a new stake in Goldman Sachs Ultra Short Municipal Income ETF during the fourth quarter valued at approximately $2,919,000. Betterment LLC grew its stake in shares of Goldman Sachs Ultra Short Municipal Income ETF by 37.5% in the 4th quarter. Betterment LLC now owns 46,690 shares of the company’s stock valued at $2,348,000 after purchasing an additional 12,736 shares during the period. Jane Street Group LLC grew its stake in shares of Goldman Sachs Ultra Short Municipal Income ETF by 10.9% in the 1st quarter. Jane Street Group LLC now owns 28,061 shares of the company’s stock valued at $1,409,000 after purchasing an additional 2,767 shares during the period. Finally, Cary Street Partners Financial LLC acquired a new position in shares of Goldman Sachs Ultra Short Municipal Income ETF in the 4th quarter worth approximately $1,048,000.

Goldman Sachs Ultra Short Municipal Income ETF Company Profile

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.