Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) Short Interest Up 188.9% in June

Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 5,371 shares, an increase of 188.9% from the June 15th total of 1,859 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily volume of 4,879 shares, the days-to-cover ratio is presently 1.1 days.

Goldman Sachs Dynamic New York Municipal Income ETF Trading Down 0.1%

Shares of GMNY traded down $0.03 during midday trading on Monday, hitting $50.11. 2,475 shares of the stock were exchanged, compared to its average volume of 6,078. Goldman Sachs Dynamic New York Municipal Income ETF has a 52-week low of $48.44 and a 52-week high of $50.86. The stock has a fifty day simple moving average of $50.09 and a 200 day simple moving average of $50.14.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of GMNY. Composition Wealth LLC increased its stake in 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 worth $14,566,000 after purchasing an additional 16,820 shares during the period. Magnus Financial Group LLC increased its stake in Goldman Sachs Dynamic New York Municipal Income ETF by 515.6% during the 4th quarter. Magnus Financial Group LLC now owns 91,010 shares of the company’s stock worth $4,546,000 after buying an additional 76,227 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in Goldman Sachs Dynamic New York Municipal Income ETF by 26.7% during the 2nd 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. WNY Asset Management LLC acquired a new stake in Goldman Sachs Dynamic New York Municipal Income ETF during the 1st quarter worth approximately $496,000. Finally, Kestra Advisory Services LLC acquired a new stake in Goldman Sachs Dynamic New York Municipal Income ETF during the 4th quarter worth approximately $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.