Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY – Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 19,026 shares, a growth of 68.2% from the September 30th total of 11,311 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average daily volume of 25,252 shares, the days-to-cover ratio is presently 0.8 days.
Goldman Sachs Dynamic New York Municipal Income ETF Price Performance
GMNY opened at $49.12 on Monday. Goldman Sachs Dynamic New York Municipal Income ETF has a twelve month low of $47.38 and a twelve month high of $50.86. The company has a fifty day simple moving average of $48.50 and a 200 day simple moving average of $49.68.
Hedge Funds Weigh In On Goldman Sachs Dynamic New York Municipal Income ETF
A number of institutional investors have recently made changes to their positions in GMNY. Hennion & Walsh Asset Management Inc. boosted its stake in shares of 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 valued at $2,868,000 after buying an additional 12,001 shares during the last quarter. GoalVest Advisory LLC acquired a new stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF during the third quarter worth approximately $1,637,000. WNY Asset Management LLC bought a new stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF in the first quarter worth $496,000. Finally, Citadel Advisors LLC bought a new stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF in the second quarter worth $220,000.
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.
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