Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (NASDAQ:GPRF) Sees Large Drop in Short Interest

Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (NASDAQ:GPRFGet Free Report) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 2,266 shares, a drop of 40.5% from the May 31st total of 3,810 shares. Based on an average daily volume of 34,704 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF Stock Performance

NASDAQ GPRF remained flat at $49.96 during trading hours on Friday. The company had a trading volume of 919 shares, compared to its average volume of 22,028. Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF has a one year low of $49.09 and a one year high of $52.03. The business’s 50-day moving average is $50.18 and its 200-day moving average is $50.52.

Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, July 1st will be issued a $0.2653 dividend. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Wednesday, July 1st.

Hedge Funds Weigh In On Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Balboa Wealth Partners increased its holdings in Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF by 11.7% in the 1st quarter. Balboa Wealth Partners now owns 4,739 shares of the company’s stock valued at $236,000 after acquiring an additional 495 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in shares of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF during the third quarter valued at about $1,325,000. Jane Street Group LLC grew its position in shares of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF by 70.1% during the second quarter. Jane Street Group LLC now owns 38,895 shares of the company’s stock valued at $1,963,000 after purchasing an additional 16,033 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF by 62.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,575,600 shares of the company’s stock worth $181,032,000 after purchasing an additional 1,376,800 shares during the last quarter.

About Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF

(Get Free Report)

The Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (GPRF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks to track an index of broad US preferred stock and hybrid securities. The fund aims to provide high monthly income, with lower correlation to interest rates, relative to other asset classes GPRF was launched on Jul 30, 2024 and is issued by Goldman Sachs.

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