Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI) Short Interest Down 99.6% in May

by · The Cerbat Gem

Goldman Sachs Ultra Short Municipal Income ETF (NYSEARCA:GUMI – Get Free Report) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 17 shares, a decline of 99.6% from the May 14th total of 4,104 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 13,789 shares, the short-interest ratio is currently 0.0 days.

Goldman Sachs Ultra Short Municipal Income ETF Price Performance

Goldman Sachs Ultra Short Municipal Income ETF stock traded down $0.03 during trading hours on Tuesday, reaching $50.28. The company had a trading volume of 14,256 shares, compared to its average volume of 11,047. The company has a 50-day moving average price of $50.33 and a 200 day moving average price of $50.34. Goldman Sachs Ultra Short Municipal Income ETF has a 12-month low of $50.07 and a 12-month high of $51.00.

Hedge Funds Weigh In On Goldman Sachs Ultra Short Municipal Income ETF

Hedge funds have recently made changes to their positions in the business. Capital Investment Advisory Services LLC purchased a new position in shares of Goldman Sachs Ultra Short Municipal Income ETF during the fourth quarter valued at approximately $82,000. Keebeck Wealth Management purchased a new position in shares of Goldman Sachs Ultra Short Municipal Income ETF during the first quarter valued at approximately $200,000. Citadel Advisors LLC increased its stake in shares of Goldman Sachs Ultra Short Municipal Income ETF by 5.8% during the third quarter. Citadel Advisors LLC now owns 5,260 shares of the company’s stock valued at $265,000 after buying an additional 289 shares during the period. Sfmg LLC purchased a new position in shares of Goldman Sachs Ultra Short Municipal Income ETF during the fourth quarter valued at approximately $748,000. Finally, Axxcess Wealth Management LLC purchased a new position in shares of Goldman Sachs Ultra Short Municipal Income ETF during the fourth quarter valued at approximately $1,044,000.

Goldman Sachs Ultra Short Municipal Income ETF Company Profile

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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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