Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) Short Interest Update

by · The Markets Daily

Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY – Get Free Report) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 668 shares, a decline of 88.1% from the August 31st total of 5,607 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 11,008 shares, the short-interest ratio is currently 0.1 days.

Goldman Sachs Dynamic New York Municipal Income ETF Stock Performance

NYSEARCA GMNY traded down $0.28 during trading on Friday, hitting $47.79. 43,978 shares of the company’s stock traded hands, compared to its average volume of 6,942. The stock has a fifty day moving average of $49.30 and a two-hundred day moving average of $49.78. Goldman Sachs Dynamic New York Municipal Income ETF has a 12-month low of $47.85 and a 12-month high of $50.86.

Institutional Trading of Goldman Sachs Dynamic New York Municipal Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC bought a new position in shares of Goldman Sachs Dynamic New York Municipal Income ETF in the second quarter worth approximately $220,000. Hennion & Walsh Asset Management Inc. increased its stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF by 26.7% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 56,980 shares of the company’s stock worth $2,868,000 after buying an additional 12,001 shares during the period. Finally, WNY Asset Management LLC bought a new stake in Goldman Sachs Dynamic New York Municipal Income ETF during the 1st quarter valued at $496,000.

About Goldman Sachs Dynamic New York Municipal Income ETF

(Get Free Report)

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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