Goldman Sachs MLP and Energy Renaissance Fund (NYSE:GER – Get Rating) was the target of a significant drop in short interest in May. As of May 31st, there was short interest totalling 4,400 shares, a drop of 43.6% from the May 15th total of 7,800 shares. Based on an average trading volume of 0 shares, the short-interest ratio is presently ∞ days.
A number of institutional investors have recently bought and sold shares of GER. San Luis Wealth Advisors LLC acquired a new position in Goldman Sachs MLP and Energy Renaissance Fund during the first quarter worth $68,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Goldman Sachs MLP and Energy Renaissance Fund in the fourth quarter valued at about $123,000. Zazove Associates LLC acquired a new stake in shares of Goldman Sachs MLP and Energy Renaissance Fund in the first quarter valued at about $131,000. Atlas Private Wealth Advisors acquired a new stake in shares of Goldman Sachs MLP and Energy Renaissance Fund in the first quarter valued at about $145,000. Finally, Sit Investment Associates Inc. grew its position in shares of Goldman Sachs MLP and Energy Renaissance Fund by 38.6% in the first quarter. Sit Investment Associates Inc. now owns 13,798 shares of the investment management company’s stock valued at $167,000 after purchasing an additional 3,843 shares during the last quarter.
Shares of NYSE:GER traded down $0.88 during midday trading on Monday, hitting $12.19. 4,226 shares of the stock were exchanged, compared to its average volume of 68,011. Goldman Sachs MLP and Energy Renaissance Fund has a 52-week low of $9.58 and a 52-week high of $13.67. The business’s fifty day simple moving average is $12.73 and its two-hundred day simple moving average is $11.72.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 31st. Shareholders of record on Tuesday, May 24th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 5.74%. The ex-dividend date was Monday, May 23rd.
About Goldman Sachs MLP and Energy Renaissance Fund (Get Rating)
Goldman Sachs MLP and Energy Renaissance Fund is a closed-ended equity mutual fund launched and managed by Goldman Sachs Asset Management, L.P. The fund invests in public equity markets of the United States. It seeks to invest in stocks of companies operating in the energy sector. The fund primarily invests in growth stocks of Master Limited Partnerships and related energy companies across all market capitalizations, with a focus on midstream MLP investments.
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Source: defenseworld.net
