Goldman Sachs MLP and Energy Renaissance Fund (NYSE:GER) Sees Significant Increase in Short Interest

Goldman Sachs MLP and Energy Renaissance Fund (NYSE:GERGet Rating) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 27,100 shares, an increase of 431.4% from the April 15th total of 5,100 shares. Based on an average daily volume of 73,200 shares, the days-to-cover ratio is presently 0.4 days.

Goldman Sachs MLP and Energy Renaissance Fund stock traded down $0.08 during trading on Thursday, reaching $11.92. The company had a trading volume of 193 shares, compared to its average volume of 68,952. Goldman Sachs MLP and Energy Renaissance Fund has a 12-month low of $9.58 and a 12-month high of $13.62. The stock’s 50 day moving average price is $12.24 and its two-hundred day moving average price is $11.48.

The business also recently announced a quarterly dividend, which was paid on Monday, February 28th. Investors of record on Wednesday, February 23rd were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 5.87%. This is an increase from Goldman Sachs MLP and Energy Renaissance Fund’s previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, February 22nd.

Institutional investors have recently added to or reduced their stakes in the stock. San Luis Wealth Advisors LLC purchased a new stake in Goldman Sachs MLP and Energy Renaissance Fund in the first quarter valued at approximately $68,000. Landscape Capital Management L.L.C. purchased a new stake in Goldman Sachs MLP and Energy Renaissance Fund in the fourth quarter valued at approximately $123,000. Zazove Associates LLC purchased a new stake in Goldman Sachs MLP and Energy Renaissance Fund during the first quarter worth approximately $131,000. Atlas Private Wealth Advisors purchased a new stake in Goldman Sachs MLP and Energy Renaissance Fund during the first quarter worth approximately $145,000. Finally, Sit Investment Associates Inc. grew its stake in Goldman Sachs MLP and Energy Renaissance Fund by 38.6% during the first quarter. Sit Investment Associates Inc. now owns 13,798 shares of the investment management company’s stock worth $167,000 after buying an additional 3,843 shares during the period.

Goldman Sachs MLP and Energy Renaissance Fund Company Profile (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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