Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (NASDAQ:GPRF) Short Interest Down 55.7% in June

Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (NASDAQ:GPRF) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 1,003 shares, a decline of 55.7% from the June 15th total of 2,266 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 959 shares, the short-interest ratio is currently 1.0 days.

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

NASDAQ:GPRF traded up $0.07 during trading hours on Wednesday, hitting $49.88. The company’s stock had a trading volume of 2,661 shares, compared to its average volume of 24,903. The stock has a fifty day moving average of $50.11 and a 200-day moving average of $50.48. Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF has a 52-week low of $49.09 and a 52-week high of $52.03.

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

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Jane Street Group LLC lifted its stake in 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 worth $1,963,000 after purchasing an additional 16,033 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF in the third quarter valued at approximately $1,325,000. Goldman Sachs Group Inc. increased its stake in 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 valued at $181,032,000 after purchasing an additional 1,376,800 shares during the last quarter. Finally, Balboa Wealth Partners raised its holdings 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 purchasing 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.