Short Interest in Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) Declines By 46.7%

Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 3,682 shares, a decline of 46.7% from the May 14th total of 6,907 shares. Based on an average daily trading volume, of 4,130 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.5% of the company’s shares are short sold.

Goldman Sachs Dynamic New York Municipal Income ETF Price Performance

Shares of NYSEARCA GMNY traded down $0.03 during midday trading on Friday, hitting $50.11. 13 shares of the company traded hands, compared to its average volume of 6,504. Goldman Sachs Dynamic New York Municipal Income ETF has a 12-month low of $48.44 and a 12-month high of $50.86. The stock has a 50-day moving average price of $50.02 and a 200 day moving average price of $50.09.

Hedge Funds Weigh In On Goldman Sachs Dynamic New York Municipal Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC purchased a new position in shares of Goldman Sachs Dynamic New York Municipal Income ETF during the fourth quarter valued at about $193,000. WNY Asset Management LLC purchased a new position in shares of Goldman Sachs Dynamic New York Municipal Income ETF during the first quarter valued at about $496,000. Hennion & Walsh Asset Management Inc. increased its position in shares of 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 valued at $969,000 after buying an additional 13,458 shares during the period. Composition Wealth LLC increased its position in shares of Goldman Sachs Dynamic New York Municipal Income ETF by 6.1% during the fourth quarter. Composition Wealth LLC now owns 291,606 shares of the company’s stock valued at $14,566,000 after buying an additional 16,820 shares during the period. Finally, Magnus Financial Group LLC increased its position in shares of 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 during the period.

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.