Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY – Get Free Report) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 19,026 shares, a growth of 68.2% from the September 30th total of 11,311 shares. Based on an average daily volume of 25,252 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.7% of the shares of the stock are sold short.
Goldman Sachs Dynamic New York Municipal Income ETF Trading Down 0.1%
Shares of Goldman Sachs Dynamic New York Municipal Income ETF stock opened at $49.00 on Wednesday. The business’s 50-day moving average price is $48.48 and its 200-day moving average price is $49.67. Goldman Sachs Dynamic New York Municipal Income ETF has a 12 month low of $47.38 and a 12 month high of $50.86.
Institutional Trading of Goldman Sachs Dynamic New York Municipal Income ETF
Several hedge funds and other institutional investors have recently bought and sold shares of GMNY. GoalVest Advisory LLC purchased a new position in shares of Goldman Sachs Dynamic New York Municipal Income ETF during the third quarter worth approximately $1,637,000. Citadel Advisors LLC purchased a new stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF in the 2nd quarter valued at $220,000. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF by 26.7% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 56,980 shares of the company’s stock valued at $2,868,000 after purchasing an additional 12,001 shares in the last quarter. Finally, WNY Asset Management LLC bought a new position in shares of Goldman Sachs Dynamic New York Municipal Income ETF during the 1st quarter valued at $496,000.
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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