Short Interest in Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) Rises By 18,705.9%

Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 3,197 shares, a growth of 18,705.9% from the May 31st total of 17 shares. Based on an average daily volume of 13,018 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.4% of the company’s shares are sold short.

Hedge Funds Weigh In On Goldman Sachs Ultra Short Municipal Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital Investment Advisory Services LLC acquired a new position in shares of Goldman Sachs Ultra Short Municipal Income ETF during the fourth quarter worth $82,000. Keebeck Wealth Management acquired a new stake in Goldman Sachs Ultra Short Municipal Income ETF in the first quarter valued at $200,000. Citadel Advisors LLC raised its position in 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 worth $265,000 after purchasing an additional 289 shares during the last quarter. Sfmg LLC bought a new position in Goldman Sachs Ultra Short Municipal Income ETF during the 4th quarter worth $748,000. Finally, Axxcess Wealth Management LLC acquired a new position in Goldman Sachs Ultra Short Municipal Income ETF during the 4th quarter worth about $1,044,000.

Goldman Sachs Ultra Short Municipal Income ETF Stock Performance

NYSEARCA:GUMI opened at $50.38 on Friday. The stock’s 50-day moving average is $50.33 and its 200-day moving average is $50.35. Goldman Sachs Ultra Short Municipal Income ETF has a 1-year low of $50.07 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.