Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI – Get Free Report) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 11,784 shares, a growth of 336.1% from the July 15th total of 2,702 shares. Based on an average daily trading volume, of 13,620 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.2% of the shares of the stock are sold short.
Goldman Sachs Ultra Short Municipal Income ETF Stock Performance
GUMI traded down $0.01 during trading on Friday, hitting $50.31. 1,031 shares of the company traded hands, compared to its average volume of 12,153. The stock’s 50-day simple moving average is $50.34 and its two-hundred day simple moving average is $50.35. Goldman Sachs Ultra Short Municipal Income ETF has a 1 year low of $50.07 and a 1 year high of $51.00.
Institutional Investors Weigh In On Goldman Sachs Ultra Short Municipal Income ETF
Several large investors have recently made changes to their positions in the company. HighTower Advisors LLC purchased a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF in the fourth quarter worth about $2,919,000. Goldman Sachs Group Inc. increased its stake in Goldman Sachs Ultra Short Municipal Income ETF by 47.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 125,000 shares of the company’s stock worth $6,276,000 after acquiring an additional 40,000 shares during the last quarter. Betterment LLC bought a new stake in Goldman Sachs Ultra Short Municipal Income ETF in the 3rd quarter worth approximately $1,711,000. Cary Street Partners Financial LLC purchased a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF during the 4th quarter worth approximately $1,048,000. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF during the 4th quarter worth approximately $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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