Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI – Get Free Report) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 31,578 shares, an increase of 392.8% from the September 15th total of 6,408 shares. Approximately 2.4% of the company’s stock are sold short. Based on an average trading volume of 22,044 shares, the days-to-cover ratio is currently 1.4 days.
Institutional Investors Weigh In On Goldman Sachs Ultra Short Municipal Income ETF
Several institutional investors and hedge funds have recently modified their holdings of GUMI. Keebeck Wealth Management acquired a new position in Goldman Sachs Ultra Short Municipal Income ETF during the first quarter worth $200,000. Citadel Advisors LLC acquired a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF in the second quarter worth about $408,000. Finally, XY Planning Network Inc. acquired a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF in the second quarter worth about $830,000.
Goldman Sachs Ultra Short Municipal Income ETF Stock Performance
GUMI stock 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 12 month low of $50.04 and a 12 month high of $51.00. The stock has a 50 day moving average price of $50.25 and a two-hundred day moving average price of $50.31.
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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