Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY – Get Free Report) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 11,311 shares, an increase of 1,593.3% from the September 15th total of 668 shares. Based on an average trading volume of 29,174 shares, the short-interest ratio is currently 0.4 days. Currently, 1.0% of the shares of the company are short sold.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GMNY. Citadel Advisors LLC bought a new position in Goldman Sachs Dynamic New York Municipal Income ETF during the 2nd quarter worth $220,000. WNY Asset Management LLC bought a new stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF in the first quarter valued at about $496,000. GoalVest Advisory LLC acquired a new position in shares of Goldman Sachs Dynamic New York Municipal Income ETF in the third quarter valued at about $1,637,000. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF by 26.7% in 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 in the last quarter.
Goldman Sachs Dynamic New York Municipal Income ETF Price Performance
Shares of Goldman Sachs Dynamic New York Municipal Income ETF stock traded up $0.14 on Friday, hitting $47.69. The stock had a trading volume of 22,175 shares, compared to its average volume of 7,886. Goldman Sachs Dynamic New York Municipal Income ETF has a twelve month low of $47.38 and a twelve month high of $50.86. The business’s 50 day moving average is $48.85 and its two-hundred day moving average is $49.60.
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.
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