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) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 65,500 shares, a growth of 37.3% from the February 28th total of 47,700 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 183,000 shares, the days-to-cover ratio is currently 0.4 days.

Goldman Sachs S&P 500 Core Premium Income ETF Price Performance

GPIX stock opened at $46.36 on Monday. Goldman Sachs S&P 500 Core Premium Income ETF has a 1 year low of $44.06 and a 1 year high of $50.84. The firm has a 50-day moving average of $48.97 and a 200 day moving average of $49.32. The company has a market cap of $403.33 million, a P/E ratio of 25.05 and a beta of 0.82.

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

The company also recently announced a dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, March 3rd were given a $0.3444 dividend. The ex-dividend date was Monday, March 3rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Cornerstone Advisory LLC raised its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 195.2% in the fourth quarter. Cornerstone Advisory LLC now owns 691,834 shares of the company’s stock worth $34,986,000 after purchasing an additional 457,480 shares in the last quarter. Graney & King LLC purchased a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the 4th quarter worth about $13,066,000. Robertson Stephens Wealth Management LLC bought a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the 4th quarter worth about $11,487,000. Mason & Associates Inc purchased a new position in Goldman Sachs S&P 500 Core Premium Income ETF during the 4th quarter valued at about $9,496,000. Finally, HighTower Advisors LLC lifted its position in Goldman Sachs S&P 500 Core Premium Income ETF by 51.2% during the 4th quarter. HighTower Advisors LLC now owns 468,103 shares of the company’s stock valued at $23,148,000 after acquiring an additional 158,597 shares during the period.

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.