Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY – Get Free Report) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 1,859 shares, a drop of 49.5% from the May 31st total of 3,682 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 3,207 shares, the short-interest ratio is currently 0.6 days.
Goldman Sachs Dynamic New York Municipal Income ETF Stock Performance
Shares of Goldman Sachs Dynamic New York Municipal Income ETF stock traded up $0.06 during trading on Thursday, hitting $50.28. The company’s stock had a trading volume of 2,084 shares, compared to its average volume of 6,248. Goldman Sachs Dynamic New York Municipal Income ETF has a 52 week low of $48.44 and a 52 week high of $50.86. The stock has a 50-day moving average price of $50.09 and a two-hundred day moving average price of $50.13.
Institutional Investors Weigh In On Goldman Sachs Dynamic New York Municipal Income ETF
Several institutional investors and hedge funds have recently made changes to their positions in GMNY. Kestra Advisory Services LLC bought a new position in shares of Goldman Sachs Dynamic New York Municipal Income ETF during the fourth quarter worth about $193,000. WNY Asset Management LLC acquired a new position in shares of Goldman Sachs Dynamic New York Municipal Income ETF in the 1st quarter worth approximately $496,000. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF by 226.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 19,409 shares of the company’s stock valued at $969,000 after purchasing an additional 13,458 shares during the last quarter. Magnus Financial Group LLC boosted its stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF by 515.6% in the 4th quarter. Magnus Financial Group LLC now owns 91,010 shares of the company’s stock valued at $4,546,000 after purchasing an additional 76,227 shares during the last quarter. Finally, Composition Wealth LLC increased its position in shares of 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.
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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