Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) Stock Short Interest Rises 89.7%

Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 59,895 shares, an increase of 89.7% from the September 30th total of 31,578 shares. Based on an average daily volume of 42,507 shares, the short-interest ratio is presently 1.4 days. Currently, 4.0% of the company’s shares are short sold.

Goldman Sachs Ultra Short Municipal Income ETF Price Performance

NYSEARCA:GUMI traded down $0.08 during trading hours on Monday, reaching $50.36. The company’s stock had a trading volume of 39,629 shares, compared to its average volume of 17,169. The firm has a 50-day simple moving average of $50.25 and a 200-day simple moving average of $50.33. Goldman Sachs Ultra Short Municipal Income ETF has a 1 year low of $50.04 and a 1 year high of $51.00.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GUMI. Keebeck Wealth Management bought a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF in the 1st quarter valued at about $200,000. Citadel Advisors LLC bought a new position in Goldman Sachs Ultra Short Municipal Income ETF during the 2nd quarter worth approximately $408,000. Axxcess Wealth Management LLC increased its stake in Goldman Sachs Ultra Short Municipal Income ETF by 10.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 10,995 shares of the company’s stock worth $552,000 after purchasing an additional 995 shares during the period. XY Planning Network Inc. purchased a new position in Goldman Sachs Ultra Short Municipal Income ETF in the 2nd quarter worth approximately $830,000. Finally, Commonwealth Equity Services LLC purchased a new position in Goldman Sachs Ultra Short Municipal Income ETF in the 3rd quarter worth approximately $1,171,000.

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.