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

Goldman Sachs Dynamic New York Municipal Income ETF (NYSEARCA:GMNY – Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 668 shares, a drop of 88.1% from the August 31st total of 5,607 shares. Based on an average trading volume of 11,008 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Goldman Sachs Dynamic New York Municipal Income ETF Price Performance

NYSEARCA:GMNY traded down $0.20 during midday trading on Friday, hitting $47.87. 47,342 shares of the stock were exchanged, compared to its average volume of 6,960. Goldman Sachs Dynamic New York Municipal Income ETF has a one year low of $47.79 and a one year high of $50.86. The business has a 50-day moving average price of $49.25 and a two-hundred day moving average price of $49.77.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GMNY. Citadel Advisors LLC bought a new stake in Goldman Sachs Dynamic New York Municipal Income ETF in the second quarter worth about $220,000. Hennion & Walsh Asset Management Inc. grew its stake in shares of Goldman Sachs Dynamic New York Municipal Income ETF by 26.7% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 56,980 shares of the company’s stock worth $2,868,000 after purchasing an additional 12,001 shares during the last quarter. Finally, WNY Asset Management LLC acquired a new position in shares of Goldman Sachs Dynamic New York Municipal Income ETF in the 1st quarter worth approximately $496,000.

Goldman Sachs Dynamic New York Municipal Income ETF Company Profile

(Get Free Report)

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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