Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI – Get Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 17 shares, a decrease of 99.6% from the May 14th total of 4,104 shares. Based on an average trading volume of 13,789 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.
Goldman Sachs Ultra Short Municipal Income ETF Trading Up 0.0%
Shares of NYSEARCA:GUMI traded up $0.01 during midday trading on Thursday, reaching $50.32. 2,696 shares of the company’s stock traded hands, compared to its average volume of 11,045. Goldman Sachs Ultra Short Municipal Income ETF has a one year low of $50.07 and a one year high of $51.00. The stock has a 50 day moving average of $50.33 and a 200 day moving average of $50.34.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of GUMI. Capital Investment Advisory Services LLC bought a new position in shares of Goldman Sachs Ultra Short Municipal Income ETF during the fourth quarter valued at $82,000. Keebeck Wealth Management bought a new position in shares of Goldman Sachs Ultra Short Municipal Income ETF during the first quarter valued at $200,000. Citadel Advisors LLC lifted its holdings in shares of Goldman Sachs Ultra Short Municipal Income ETF by 5.8% during the third quarter. Citadel Advisors LLC now owns 5,260 shares of the company’s stock valued at $265,000 after purchasing an additional 289 shares in the last quarter. Sfmg LLC bought a new position in shares of Goldman Sachs Ultra Short Municipal Income ETF during the fourth quarter valued at $748,000. Finally, Axxcess Wealth Management LLC bought a new position in Goldman Sachs Ultra Short Municipal Income ETF in the fourth quarter valued at about $1,044,000.
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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