Short Interest in Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Expands By 159.3%

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 376,180 shares, an increase of 159.3% from the June 15th total of 145,063 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 902,591 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. LPL Financial LLC boosted its holdings in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 50.9% during the 4th quarter. LPL Financial LLC now owns 4,282,956 shares of the company’s stock valued at $226,140,000 after acquiring an additional 1,445,041 shares in the last quarter. Bank of America Corp DE increased its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 21.5% in the 1st quarter. Bank of America Corp DE now owns 2,957,052 shares of the company’s stock worth $147,971,000 after purchasing an additional 523,224 shares in the last quarter. Requisite Capital Management LLC raised its position in Goldman Sachs S&P 500 Core Premium Income ETF by 11.1% in the fourth quarter. Requisite Capital Management LLC now owns 2,271,312 shares of the company’s stock valued at $119,925,000 after purchasing an additional 226,995 shares during the last quarter. HighTower Advisors LLC raised its position in Goldman Sachs S&P 500 Core Premium Income ETF by 13.4% in the fourth quarter. HighTower Advisors LLC now owns 2,000,929 shares of the company’s stock valued at $105,649,000 after purchasing an additional 235,851 shares during the last quarter. Finally, Cornerstone Advisory LLC boosted its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 19.6% during the first quarter. Cornerstone Advisory LLC now owns 1,599,317 shares of the company’s stock valued at $80,030,000 after purchasing an additional 262,596 shares in the last quarter.

Goldman Sachs S&P 500 Core Premium Income ETF Trading Up 0.3%

GPIX stock opened at $55.69 on Thursday. The firm has a 50-day moving average price of $55.22 and a 200-day moving average price of $53.33. Goldman Sachs S&P 500 Core Premium Income ETF has a 12 month low of $48.46 and a 12 month high of $56.19. The stock has a market capitalization of $4.77 billion, a P/E ratio of 25.98 and a beta of 0.84.

Goldman Sachs S&P 500 Core Premium Income ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.3937 per share. The ex-dividend date of this dividend was Wednesday, July 1st.

Goldman Sachs S&P 500 Core Premium Income ETF Company Profile

The Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed ETF, primarily investing in stocks of companies in the S&P 500. Combining equity investments with a call strategy, the fund seeks to generate stable income while offering potential for capital growth GPIX was launched on Oct 24, 2023 and is issued by Goldman Sachs.