7. AFFORDABLE AND CLEAN ENERGY

Goldman Sachs MLP and Energy Renaissance Fund (NYSE:GER) Sees Significant Growth in Short Interest – Defense World

Written by Amanda

Goldman Sachs MLP and Energy Renaissance Fund (NYSE:GERGet Rating) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 11,500 shares, a growth of 161.4% from the May 31st total of 4,400 shares. Based on an average trading volume of 72,600 shares, the days-to-cover ratio is presently 0.2 days.

Shares of NYSE GER opened at $11.30 on Thursday. Goldman Sachs MLP and Energy Renaissance Fund has a one year low of $9.58 and a one year high of $13.67. The business has a 50-day moving average price of $12.37 and a two-hundred day moving average price of $11.78.

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 31st. Stockholders of record on Tuesday, May 24th were issued a dividend of $0.175 per share. The ex-dividend date was Monday, May 23rd. This represents a $0.70 annualized dividend and a dividend yield of 6.19%.

Several institutional investors have recently made changes to their positions in GER. San Luis Wealth Advisors LLC acquired a new stake in shares of Goldman Sachs MLP and Energy Renaissance Fund during the 1st quarter valued at about $68,000. Landscape Capital Management L.L.C. acquired a new stake in Goldman Sachs MLP and Energy Renaissance Fund in the 4th quarter worth approximately $123,000. Zazove Associates LLC acquired a new stake in Goldman Sachs MLP and Energy Renaissance Fund in the 1st quarter worth approximately $131,000. Atlas Private Wealth Advisors acquired a new stake in Goldman Sachs MLP and Energy Renaissance Fund in the 1st quarter worth approximately $145,000. Finally, Sit Investment Associates Inc. lifted its holdings in Goldman Sachs MLP and Energy Renaissance Fund by 38.6% in the 1st quarter. Sit Investment Associates Inc. now owns 13,798 shares of the investment management company’s stock worth $167,000 after purchasing an additional 3,843 shares during the last quarter.

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

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai