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

Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (NASDAQ:GPRF) was the target of a large decline in short interest in October. As of October 30th, there was short interest totaling 449 shares, a decline of 96.2% from the October 15th total of 11,719 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 4,754 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF stock. Barrett & Company Inc. bought a new stake in shares of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF (NASDAQ:GPRF) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,000 shares of the company’s stock, valued at approximately $96,000. Barrett & Company Inc. owned about 0.06% of Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF at the end of the most recent reporting period.

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

GPRF traded down $0.27 during trading on Tuesday, hitting $47.70. 170,879 shares of the company’s stock were exchanged, compared to its average volume of 21,404. Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF has a fifty-two week low of $47.40 and a fifty-two week high of $52.41. The business’s 50 day moving average is $48.24 and its two-hundred day moving average is $49.72.

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

The firm also recently announced a monthly dividend, which was paid on Friday, November 6th. Stockholders of record on Monday, November 2nd were given a dividend of $0.2393 per share. The ex-dividend date of this dividend was Monday, November 2nd. This is a drop from Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF’s previous monthly dividend of $0.2731. This represents a $2.87 annualized dividend and a dividend yield of 6.0%.

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.