Short Interest in Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) Grows By 121.9%

Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 6,907 shares, a growth of 121.9% from the April 30th total of 3,113 shares. Currently, 1.0% of the company’s shares are short sold. Based on an average trading volume of 3,104 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Inflows and Outflows

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

Goldman Sachs Dynamic New York Municipal Income ETF Trading Down 0.0%

GMNY stock traded down $0.01 during trading on Friday, hitting $50.13. 4,888 shares of the company traded hands, compared to its average volume of 6,813. 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 company has a 50-day moving average of $49.93 and a 200-day moving average of $50.08.

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.