Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Short Interest Up 461.9% in April

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 345,719 shares, a growth of 461.9% from the April 15th total of 61,527 shares. Based on an average trading volume of 724,328 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.5% of the shares of the stock are short sold.

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

Shares of NASDAQ GPIX traded up $0.39 during mid-day trading on Thursday, reaching $55.58. 1,281,402 shares of the company traded hands, compared to its average volume of 776,599. Goldman Sachs S&P 500 Core Premium Income ETF has a fifty-two week low of $47.04 and a fifty-two week high of $55.62. The firm has a market cap of $3.77 billion, a PE ratio of 25.98 and a beta of 0.84. The stock has a fifty day simple moving average of $52.06 and a 200-day simple moving average of $52.46.

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

The firm also recently declared a dividend, which was paid on Thursday, May 7th. Shareholders of record on Friday, May 1st were given a $0.3831 dividend. This is a positive change from Goldman Sachs S&P 500 Core Premium Income ETF’s previous dividend of $0.35. The ex-dividend date was Friday, May 1st.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in GPIX. U.S. Capital Wealth Advisors LLC acquired a new position in Goldman Sachs S&P 500 Core Premium Income ETF in the 4th quarter worth approximately $1,534,000. Beacon Financial Advisory LLC boosted its stake in Goldman Sachs S&P 500 Core Premium Income ETF by 147.1% in the 3rd quarter. Beacon Financial Advisory LLC now owns 41,400 shares of the company’s stock worth $2,162,000 after purchasing an additional 24,643 shares during the period. Berger Financial Group Inc acquired a new position in Goldman Sachs S&P 500 Core Premium Income ETF in the 4th quarter worth approximately $2,039,000. Nations Financial Group Inc. IA ADV acquired a new position in Goldman Sachs S&P 500 Core Premium Income ETF in the 3rd quarter worth approximately $659,000. Finally, Mason & Associates Inc boosted its stake in Goldman Sachs S&P 500 Core Premium Income ETF by 8.8% in the 3rd quarter. Mason & Associates Inc now owns 226,231 shares of the company’s stock worth $11,816,000 after purchasing an additional 18,256 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.