Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) Short Interest Up 657.6% in April

Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 2,000 shares, a growth of 657.6% from the March 31st total of 264 shares. Based on an average daily trading volume, of 5,488 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Investors Weigh In On Goldman Sachs Dynamic New York Municipal Income ETF

Hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new position in shares of Goldman Sachs Dynamic New York Municipal Income ETF in the 4th quarter valued at $193,000. Hennion & Walsh Asset Management Inc. bought a new position in Goldman Sachs Dynamic New York Municipal Income ETF during the third quarter worth about $296,000. Magnus Financial Group LLC acquired a new position in Goldman Sachs Dynamic New York Municipal Income ETF in the third quarter valued at about $736,000. Composition Wealth LLC increased 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 worth $14,566,000 after acquiring an additional 16,820 shares in the last quarter. Finally, Miracle Mile Advisors LLC acquired a new stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF during the third quarter worth about $13,676,000.

Goldman Sachs Dynamic New York Municipal Income ETF Stock Performance

Shares of GMNY stock traded up $0.04 on Friday, reaching $50.23. The company had a trading volume of 275 shares, compared to its average volume of 7,937. The company has a 50-day moving average of $50.13 and a 200-day moving average of $50.08. Goldman Sachs Dynamic New York Municipal Income ETF has a 12 month low of $48.44 and a 12 month high of $50.86.

About Goldman Sachs Dynamic New York Municipal Income ETF

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.