Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) Short Interest Update

Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 1,859 shares, a decrease of 49.5% from the May 31st total of 3,682 shares. Based on an average daily trading volume, of 3,207 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the shares of the stock are short sold.

Goldman Sachs Dynamic New York Municipal Income ETF Trading Down 0.2%

Goldman Sachs Dynamic New York Municipal Income ETF stock traded down $0.12 during mid-day trading on Wednesday, reaching $50.22. The company had a trading volume of 1,532 shares, compared to its average volume of 6,285. Goldman Sachs Dynamic New York Municipal Income ETF has a 1 year low of $48.44 and a 1 year high of $50.86. The stock’s 50-day simple moving average is $50.09 and its 200-day simple moving average is $50.13.

Hedge Funds Weigh In On Goldman Sachs Dynamic New York Municipal Income ETF

Several hedge funds have recently bought and sold shares of GMNY. Magnus Financial Group LLC raised its holdings in Goldman Sachs Dynamic New York Municipal Income ETF by 515.6% during the fourth quarter. Magnus Financial Group LLC now owns 91,010 shares of the company’s stock worth $4,546,000 after purchasing an additional 76,227 shares during the last quarter. Composition Wealth LLC increased its position in shares of Goldman Sachs Dynamic New York Municipal Income ETF by 6.1% in the fourth quarter. Composition Wealth LLC now owns 291,606 shares of the company’s stock valued at $14,566,000 after buying an additional 16,820 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF by 226.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 19,409 shares of the company’s stock worth $969,000 after buying an additional 13,458 shares during the last quarter. WNY Asset Management LLC acquired a new position in shares of Goldman Sachs Dynamic New York Municipal Income ETF during the 1st quarter worth $496,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF in the 4th quarter worth about $193,000.

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.