Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) Sees Large Decrease in Short Interest

Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 12,201 shares, a drop of 20.8% from the January 15th total of 15,411 shares. Approximately 2.0% of the shares of the company are short sold. Based on an average daily volume of 7,946 shares, the short-interest ratio is currently 1.5 days. Based on an average daily volume of 7,946 shares, the short-interest ratio is currently 1.5 days. Approximately 2.0% of the shares of the company are short sold.

Goldman Sachs Dynamic New York Municipal Income ETF Price Performance

GMNY traded up $0.01 during trading on Monday, reaching $50.49. 6,671 shares of the company were exchanged, compared to its average volume of 6,732. Goldman Sachs Dynamic New York Municipal Income ETF has a 52 week low of $47.36 and a 52 week high of $50.56. The firm has a 50 day moving average of $50.16 and a 200 day moving average of $49.79.

Goldman Sachs Dynamic New York Municipal Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 6th. Investors of record on Monday, February 2nd were issued a $0.1428 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GMNY. Composition Wealth LLC boosted its stake in Goldman Sachs Dynamic New York Municipal Income ETF by 6.1% during the 4th quarter. Composition Wealth LLC now owns 291,606 shares of the company’s stock valued at $14,566,000 after purchasing an additional 16,820 shares in the last quarter. Miracle Mile Advisors LLC acquired a new stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF in the third quarter valued at $13,676,000. Magnus Financial Group LLC boosted its stake in Goldman Sachs Dynamic New York Municipal Income ETF by 515.6% during the fourth quarter. Magnus Financial Group LLC now owns 91,010 shares of the company’s stock valued at $4,546,000 after buying an additional 76,227 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in Goldman Sachs Dynamic New York Municipal Income ETF by 226.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 19,409 shares of the company’s stock worth $969,000 after acquiring an additional 13,458 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in Goldman Sachs Dynamic New York Municipal Income ETF in the fourth quarter worth about $193,000.

About Goldman Sachs Dynamic New York Municipal Income ETF

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.