Short Interest in Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (NASDAQ:GPRF) Declines By 40.5%

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Balboa Wealth Partners boosted its stake 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 valued at $236,000 after purchasing an additional 495 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of 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 worth $2,384,000 after buying an additional 21,337 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of 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 buying an additional 20,593 shares during the period. Finally, Goldman Sachs Group Inc. lifted 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 valued at $181,032,000 after buying an additional 1,376,800 shares during the period.

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

GPRF traded down $0.01 on Thursday, reaching $49.90. The company had a trading volume of 1,657 shares, compared to its average volume of 22,199. The company has a fifty day moving average of $50.19 and a 200-day moving average of $50.52. 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.

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

The business also recently disclosed 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. The ex-dividend date is Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 6.4%.

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

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.