Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) Sees Significant Growth in Short Interest

Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 11,311 shares, an increase of 1,593.3% from the September 15th total of 668 shares. Based on an average trading volume of 29,174 shares, the short-interest ratio is currently 0.4 days. Currently, 1.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Goldman Sachs Dynamic New York Municipal Income ETF

A number of large investors have recently added to or reduced their stakes in the business. GoalVest Advisory LLC acquired a new position in shares of Goldman Sachs Dynamic New York Municipal Income ETF in the third quarter valued at $1,637,000. Hennion & Walsh Asset Management Inc. raised its position in shares of Goldman Sachs Dynamic New York Municipal Income ETF by 26.7% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 56,980 shares of the company’s stock valued at $2,868,000 after purchasing an additional 12,001 shares during the period. Citadel Advisors LLC acquired a new stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF during the 2nd quarter worth about $220,000. Finally, WNY Asset Management LLC acquired a new stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF during the 1st quarter worth about $496,000.

Goldman Sachs Dynamic New York Municipal Income ETF Trading Up 0.3%

NYSEARCA:GMNY traded up $0.14 during mid-day trading on Friday, hitting $47.69. The stock had a trading volume of 22,175 shares, compared to its average volume of 7,886. Goldman Sachs Dynamic New York Municipal Income ETF has a twelve month low of $47.38 and a twelve month high of $50.86. The company’s 50 day simple moving average is $48.85 and its 200 day simple moving average is $49.60.

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.