Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) Sees Significant Drop in Short Interest

Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 3,682 shares, a decrease of 46.7% from the May 14th total of 6,907 shares. Based on an average daily trading volume, of 4,130 shares, the short-interest ratio is currently 0.9 days. Approximately 0.5% of the company’s stock are sold short.

Institutional Trading of Goldman Sachs Dynamic New York Municipal Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC purchased a new stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF in the fourth quarter valued at about $193,000. WNY Asset Management LLC purchased a new stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF in the first quarter valued at about $496,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Goldman Sachs Dynamic New York Municipal Income ETF by 226.1% in the fourth 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 holdings in shares of Goldman Sachs Dynamic New York Municipal Income ETF by 515.6% in the fourth 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 holdings 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 purchasing an additional 16,820 shares during the last quarter.

Goldman Sachs Dynamic New York Municipal Income ETF Stock Performance

GMNY traded up $0.03 during trading on Tuesday, hitting $50.20. 907 shares of the company’s stock were exchanged, compared to its average volume of 6,409. The business’s 50 day moving average is $50.02 and its two-hundred day moving average is $50.09. Goldman Sachs Dynamic New York Municipal Income ETF has a fifty-two week low of $48.44 and a fifty-two week high of $50.86.

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.