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) saw a significant increase in short interest in the month of 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 volume of 3,017 shares, the short-interest ratio is presently 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 Trading Up 0.0%

Shares of NASDAQ:GPRF opened at $49.54 on Thursday. The business’s 50 day moving average price is $49.89 and its 200-day moving average price is $50.29. Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF has a 1 year low of $49.09 and a 1 year high of $52.41.

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

The business also recently announced a dividend, which was paid on Friday, August 7th. Stockholders of record on Monday, August 3rd were given a $0.2112 dividend. The ex-dividend date was Monday, August 3rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Balboa Wealth Partners boosted 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 worth $236,000 after buying an additional 495 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF by 82.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 47,090 shares of the company’s stock valued at $2,384,000 after acquiring an additional 21,337 shares in the last quarter. Jane Street Group LLC lifted its position 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 acquiring an additional 20,593 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake 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 acquiring an additional 1,376,800 shares during 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.