Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI – Get Free Report) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 31,578 shares, a growth of 392.8% from the September 15th total of 6,408 shares. Currently, 2.4% of the shares of the stock are short sold. Based on an average trading volume of 22,044 shares, the days-to-cover ratio is presently 1.4 days.
Goldman Sachs Ultra Short Municipal Income ETF Trading Down 0.0%
NYSEARCA:GUMI traded down $0.01 during trading hours on Friday, hitting $50.12. The company’s stock had a trading volume of 33,070 shares, compared to its average volume of 14,337. Goldman Sachs Ultra Short Municipal Income ETF has a 52-week low of $50.04 and a 52-week high of $51.00. The business’s 50-day moving average is $50.25 and its two-hundred day moving average is $50.31.
Hedge Funds Weigh In On Goldman Sachs Ultra Short Municipal Income ETF
A number of large investors have recently made changes to their positions in GUMI. Keebeck Wealth Management acquired a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF in the first quarter valued at about $200,000. Citadel Advisors LLC purchased a new stake in Goldman Sachs Ultra Short Municipal Income ETF during the second quarter worth about $408,000. Finally, XY Planning Network Inc. purchased a new stake in Goldman Sachs Ultra Short Municipal Income ETF during the second quarter worth about $830,000.
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.
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