Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY – Get Free Report) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 668 shares, a drop of 88.1% from the August 31st total of 5,607 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 11,008 shares, the days-to-cover ratio is currently 0.1 days.
Hedge Funds Weigh In On Goldman Sachs Dynamic New York Municipal Income ETF
Several institutional investors have recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. grew its position in Goldman Sachs Dynamic New York Municipal Income ETF by 26.7% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 56,980 shares of the company’s stock valued at $2,868,000 after acquiring an additional 12,001 shares during the last quarter. WNY Asset Management LLC purchased a new position in shares of Goldman Sachs Dynamic New York Municipal Income ETF during the first quarter worth approximately $496,000. Finally, Citadel Advisors LLC bought a new stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF in the 2nd quarter worth approximately $220,000.
Goldman Sachs Dynamic New York Municipal Income ETF Stock Down 0.6%
NYSEARCA:GMNY traded down $0.28 during midday trading on Friday, hitting $47.79. The company had a trading volume of 43,978 shares, compared to its average volume of 6,942. Goldman Sachs Dynamic New York Municipal Income ETF has a 52-week low of $47.85 and a 52-week high of $50.86. The stock’s fifty day moving average price is $49.30 and its 200-day moving average price is $49.78.
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.
Featured Stories
- Five stocks we like better than Goldman Sachs Dynamic New York Municipal Income ETF
- Costco Ends Its Fiscal Year on a High Note, Eyes Big Expansion
- Cracker Barrel Stock Is Rallying Again, But the Turnaround Still Has a Traffic Problem
- Oracle’s Force Majeure Notice Exposes a Bigger Problem for the AI Build-Out
- Oil May Be Stronger Than It Looks—And Diamondback Is on Sale
Receive News & Ratings for Goldman Sachs Dynamic New York Municipal Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Dynamic New York Municipal Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.
