Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI – Get Free Report) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 6,408 shares, a decline of 45.1% from the August 31st total of 11,677 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 21,996 shares, the days-to-cover ratio is currently 0.3 days.
Goldman Sachs Ultra Short Municipal Income ETF Stock Performance
NYSEARCA GUMI traded up $0.10 during mid-day trading on Wednesday, reaching $50.18. 45,274 shares of the stock were exchanged, compared to its average volume of 13,823. The business’s 50 day moving average is $50.29 and its 200-day moving average is $50.32. Goldman Sachs Ultra Short Municipal Income ETF has a 1 year low of $50.05 and a 1 year high of $51.00.
Institutional Investors Weigh In On Goldman Sachs Ultra Short Municipal Income ETF
A number of institutional investors have recently modified their holdings of the business. XY Planning Network Inc. purchased a new position in shares of Goldman Sachs Ultra Short Municipal Income ETF in the 2nd quarter valued at about $830,000. Citadel Advisors LLC purchased a new stake in shares of Goldman Sachs Ultra Short Municipal Income ETF in the second quarter valued at approximately $408,000. Finally, Keebeck Wealth Management acquired a new position in shares of Goldman Sachs Ultra Short Municipal Income ETF during the 1st quarter worth approximately $200,000.
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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