Short Interest in Goldman Sachs MLP and Energy Renaissance Fund (NYSE:GER) Increases By 27.0%

Goldman Sachs MLP and Energy Renaissance Fund (NYSE:GER) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 20,700 shares, a growth of 27.0% from the March 31st total of 16,300 shares. Based on an average daily trading volume, of 84,300 shares, the short-interest ratio is presently 0.2 days.

Shares of GER traded up $0.07 during mid-day trading on Tuesday, hitting $10.62. 71,874 shares of the company’s stock were exchanged, compared to its average volume of 93,701. Goldman Sachs MLP and Energy Renaissance Fund has a fifty-two week low of $5.70 and a fifty-two week high of $10.74. The business’s 50 day moving average is $9.88 and its two-hundred day moving average is $8.51.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 26th. Stockholders of record on Monday, February 22nd were paid a dividend of $0.155 per share. The ex-dividend date was Friday, February 19th. This represents a $0.62 annualized dividend and a dividend yield of 5.84%.

Large investors have recently made changes to their positions in the stock. Matisse Capital acquired a new stake in Goldman Sachs MLP and Energy Renaissance Fund in the fourth quarter valued at about $1,065,000. HighTower Advisors LLC acquired a new stake in Goldman Sachs MLP and Energy Renaissance Fund in the fourth quarter valued at about $2,087,000. Western Wealth Management LLC acquired a new stake in Goldman Sachs MLP and Energy Renaissance Fund in the fourth quarter valued at about $363,000. Merriman Wealth Management LLC lifted its position in Goldman Sachs MLP and Energy Renaissance Fund by 51.4% in the fourth quarter. Merriman Wealth Management LLC now owns 251,676 shares of the investment management company’s stock valued at $1,918,000 after purchasing an additional 85,454 shares during the period. Finally, Snow Capital Management LP lifted its position in Goldman Sachs MLP and Energy Renaissance Fund by 0.9% in the fourth quarter. Snow Capital Management LP now owns 142,649 shares of the investment management company’s stock valued at $1,087,000 after purchasing an additional 1,223 shares during the period.

Goldman Sachs MLP and Energy Renaissance Fund Company Profile

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.

Read More: Outstanding Shares and The Effect on Share Price

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