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

Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (NASDAQ:GPRF) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 3,337 shares, a growth of 232.7% from the June 30th total of 1,003 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 56,161 shares, the days-to-cover ratio is presently 0.1 days.

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

Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF stock traded up $0.04 during trading hours on Friday, reaching $49.58. 1,875 shares of the company’s stock traded hands, compared to its average volume of 23,783. Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF has a fifty-two week low of $49.09 and a fifty-two week high of $52.03. The firm’s 50 day moving average is $50.03 and its 200-day moving average is $50.42.

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

The firm also recently declared a monthly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, July 1st were paid a dividend of $0.2653 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend was Wednesday, July 1st.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of GPRF. Balboa Wealth Partners grew its holdings in Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF by 11.7% during the 1st quarter. Balboa Wealth Partners now owns 4,739 shares of the company’s stock worth $236,000 after acquiring an additional 495 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in shares of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF during the 3rd quarter valued at $1,325,000. Jane Street Group LLC lifted its stake in shares of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF by 70.1% in the 2nd 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 during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF by 62.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,575,600 shares of the company’s stock valued at $181,032,000 after purchasing an additional 1,376,800 shares during the period.

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

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.