Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Stock Short Interest Falls 70.8%

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) saw a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 214,594 shares, a decline of 70.8% from the October 15th total of 733,933 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 1,285,086 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Goldman Sachs S&P 500 Core Premium Income ETF

Several large investors have recently added to or reduced their stakes in GPIX. HighTower Advisors LLC acquired a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the third quarter worth about $114,557,000. Commonwealth Equity Services LLC acquired a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the third quarter worth approximately $63,155,000. Parallel Advisors LLC increased its position in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 35,208.1% in the 3rd quarter. Parallel Advisors LLC now owns 914,832 shares of the company’s stock worth $51,075,000 after purchasing an additional 912,241 shares during 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 first quarter. Bank of America Corp DE now owns 2,957,052 shares of the company’s stock valued at $147,971,000 after buying an additional 523,224 shares during the last quarter. Finally, Lebenthal Global Advisors LLC raised its position in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 568.3% during the 3rd quarter. Lebenthal Global Advisors LLC now owns 532,188 shares of the company’s stock valued at $29,712,000 after acquiring an additional 452,550 shares in the last quarter.

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

Shares of GPIX traded down $0.17 during mid-day trading on Friday, hitting $54.65. The company’s stock had a trading volume of 873,798 shares, compared to its average volume of 970,138. Goldman Sachs S&P 500 Core Premium Income ETF has a 1-year low of $48.46 and a 1-year high of $56.74. The firm has a market capitalization of $6.48 billion, a P/E ratio of 25.98 and a beta of 0.83. The firm has a 50-day simple moving average of $55.65 and a 200 day simple moving average of $54.37.

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

The firm also recently announced a monthly dividend, which was paid on Friday, November 6th. Shareholders of record on Monday, November 2nd were given a dividend of $0.3885 per share. The ex-dividend date was Monday, November 2nd. This is a decrease 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%.

About Goldman Sachs S&P 500 Core Premium Income ETF

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.