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

Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (NASDAQ:GPRF) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 12,538 shares, an increase of 275.7% from the July 15th total of 3,337 shares. Based on an average daily trading volume, of 3,017 shares, the days-to-cover ratio is currently 4.2 days. Currently, 0.5% of the shares of the stock are sold short.

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

Shares of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF stock traded down $0.10 during trading on Friday, hitting $49.46. 5,708 shares of the company’s stock traded hands, compared to its average volume of 23,771. The firm’s fifty day moving average price is $49.87 and its 200 day moving average price is $50.28. Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF has a twelve month low of $49.09 and a twelve month high of $52.41.

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

The firm also recently declared a dividend, which was paid on Friday, August 7th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.2112 per share. The ex-dividend date was Monday, August 3rd.

Institutional Investors Weigh In On Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF

Institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its holdings 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 worth $181,032,000 after buying an additional 1,376,800 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF by 82.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 47,090 shares of the company’s stock valued at $2,384,000 after buying an additional 21,337 shares in the last quarter. Jane Street Group LLC grew its position in Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF by 79.7% in the fourth quarter. Jane Street Group LLC now owns 46,432 shares of the company’s stock valued at $2,351,000 after acquiring an additional 20,593 shares during the period. Finally, Balboa Wealth Partners raised its stake in Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF by 11.7% during the first quarter. Balboa Wealth Partners now owns 4,739 shares of the company’s stock worth $236,000 after acquiring an additional 495 shares in the last quarter.

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.