Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Sees Significant Growth in Short Interest

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 733,933 shares, a growth of 78.7% from the September 30th total of 410,614 shares. Based on an average daily volume of 1,174,119 shares, the short-interest ratio is presently 0.6 days. Approximately 0.7% of the shares of the company are sold short.

Goldman Sachs S&P 500 Core Premium Income ETF Trading Up 0.5%

Shares of NASDAQ GPIX traded up $0.29 during trading hours on Tuesday, reaching $54.76. The stock had a trading volume of 305,503 shares, compared to its average volume of 949,541. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of 25.98 and a beta of 0.83. Goldman Sachs S&P 500 Core Premium Income ETF has a fifty-two week low of $48.46 and a fifty-two week high of $56.74. The firm has a 50-day moving average of $55.90 and a 200-day moving average of $54.31.

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

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 6th. Shareholders of record on Monday, November 2nd will be paid a $0.3885 dividend. This is a drop from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.3970. This represents a $4.66 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date is Monday, November 2nd.

Institutional Investors Weigh In On Goldman Sachs S&P 500 Core Premium Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in GPIX. Bank of America Corp DE increased its position 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 valued at $147,971,000 after acquiring an additional 523,224 shares during the period. Cornerstone Advisory LLC grew its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 19.6% in the 1st 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 during the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the third quarter valued at approximately $63,155,000. SK Wealth Management LLC lifted its holdings in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 4.4% during the first quarter. SK Wealth Management LLC now owns 909,777 shares of the company’s stock worth $45,753,000 after purchasing an additional 38,055 shares during the period. Finally, Lebenthal Global Advisors LLC grew its position in Goldman Sachs S&P 500 Core Premium Income ETF by 568.3% in the 3rd quarter. Lebenthal Global Advisors LLC now owns 532,188 shares of the company’s stock valued at $29,712,000 after buying an additional 452,550 shares during the last quarter.

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.