Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) Short Interest Down 59.1% in July

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

Institutional Trading of Goldman Sachs Ultra Short Municipal Income ETF

A number of institutional investors have recently made changes to their positions in the stock. Sfmg LLC purchased a new position in shares of Goldman Sachs Ultra Short Municipal Income ETF during the fourth quarter valued at approximately $748,000. Cary Street Partners Financial LLC bought a new stake in Goldman Sachs Ultra Short Municipal Income ETF in the 4th quarter worth approximately $1,048,000. HighTower Advisors LLC purchased a new stake in Goldman Sachs Ultra Short Municipal Income ETF during the 4th quarter valued at $2,919,000. Axxcess Wealth Management LLC purchased a new stake in Goldman Sachs Ultra Short Municipal Income ETF during the 4th quarter valued at $1,044,000. Finally, Citadel Advisors LLC lifted its holdings in shares of Goldman Sachs Ultra Short Municipal Income ETF by 5.8% during the 3rd quarter. Citadel Advisors LLC now owns 5,260 shares of the company’s stock valued at $265,000 after buying an additional 289 shares during the period.

Goldman Sachs Ultra Short Municipal Income ETF Stock Up 0.1%

Shares of GUMI stock traded up $0.04 during mid-day trading on Wednesday, hitting $50.41. The company’s stock had a trading volume of 6,503 shares, compared to its average volume of 11,517. Goldman Sachs Ultra Short Municipal Income ETF has a 52-week low of $50.07 and a 52-week high of $51.00. The business has a 50-day moving average price of $50.34 and a 200 day moving average price 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.