Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY – Get Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 6,907 shares, an increase of 121.9% from the April 30th total of 3,113 shares. Based on an average daily volume of 3,104 shares, the short-interest ratio is presently 2.2 days. Currently, 1.0% of the company’s shares are short sold.
Goldman Sachs Dynamic New York Municipal Income ETF Price Performance
Goldman Sachs Dynamic New York Municipal Income ETF stock traded down $0.03 during midday trading on Tuesday, hitting $50.10. 10,694 shares of the stock were exchanged, compared to its average volume of 6,849. Goldman Sachs Dynamic New York Municipal Income ETF has a fifty-two week low of $48.44 and a fifty-two week high of $50.86. The stock’s 50-day simple moving average is $49.94 and its 200 day simple moving average is $50.08.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. WNY Asset Management LLC purchased a new position in Goldman Sachs Dynamic New York Municipal Income ETF during the first quarter worth about $496,000. Kestra Advisory Services LLC purchased a new position in Goldman Sachs Dynamic New York Municipal Income ETF during the fourth quarter worth about $193,000. Composition Wealth LLC boosted its stake in Goldman Sachs Dynamic New York Municipal Income ETF by 6.1% during the fourth quarter. Composition Wealth LLC now owns 291,606 shares of the company’s stock worth $14,566,000 after buying an additional 16,820 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in Goldman Sachs Dynamic New York Municipal Income ETF by 226.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 19,409 shares of the company’s stock worth $969,000 after buying an additional 13,458 shares during the period. Finally, Magnus Financial Group LLC boosted its stake in Goldman Sachs Dynamic New York Municipal Income ETF by 515.6% during the fourth quarter. Magnus Financial Group LLC now owns 91,010 shares of the company’s stock worth $4,546,000 after buying an additional 76,227 shares during the period.
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.
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