Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI – Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 31,578 shares, an increase of 392.8% from the September 15th total of 6,408 shares. Approximately 2.4% of the company’s stock are sold short. Based on an average daily trading volume, of 22,044 shares, the days-to-cover ratio is presently 1.4 days.
Institutional Trading of Goldman Sachs Ultra Short Municipal Income ETF
Several hedge funds and other institutional investors have recently modified their holdings of GUMI. XY Planning Network Inc. acquired a new position in Goldman Sachs Ultra Short Municipal Income ETF in the 2nd quarter worth about $830,000. Citadel Advisors LLC acquired a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF during the 2nd quarter valued at about $408,000. Finally, Keebeck Wealth Management bought a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF in the 1st quarter valued at approximately $200,000.
Goldman Sachs Ultra Short Municipal Income ETF Stock Down 0.0%
GUMI stock traded down $0.01 during midday trading on Friday, reaching $50.12. The company had a trading volume of 33,070 shares, compared to its average volume of 14,337. The company has a 50 day moving average of $50.25 and a two-hundred day moving average of $50.31. Goldman Sachs Ultra Short Municipal Income ETF has a 1 year low of $50.04 and a 1 year high of $51.00.
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.
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