Short Interest in Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Grows By 235.5%

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 561,940 shares, a growth of 235.5% from the August 15th total of 167,493 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average trading volume of 1,070,379 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of Goldman Sachs S&P 500 Core Premium Income ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Next Level Private LLC increased its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 1.3% in the first quarter. Next Level Private LLC now owns 15,288 shares of the company’s stock valued at $765,000 after buying an additional 191 shares during the period. Pasadena Private Wealth LLC grew its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 1.9% during the 4th quarter. Pasadena Private Wealth LLC now owns 10,871 shares of the company’s stock worth $574,000 after acquiring an additional 200 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its position in Goldman Sachs S&P 500 Core Premium Income ETF by 1.4% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 14,829 shares of the company’s stock valued at $742,000 after acquiring an additional 200 shares during the period. Symphony Financial Ltd. Co. increased its position in Goldman Sachs S&P 500 Core Premium Income ETF by 4.9% in the 2nd quarter. Symphony Financial Ltd. Co. now owns 4,250 shares of the company’s stock valued at $236,000 after acquiring an additional 200 shares during the period. Finally, Axxcess Wealth Management LLC raised its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 2.6% during the first quarter. Axxcess Wealth Management LLC now owns 8,379 shares of the company’s stock valued at $419,000 after acquiring an additional 215 shares during the last quarter.

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

NASDAQ:GPIX traded up $0.45 during mid-day trading on Friday, reaching $55.66. The stock had a trading volume of 1,123,945 shares, compared to its average volume of 894,794. Goldman Sachs S&P 500 Core Premium Income ETF has a 12 month low of $48.46 and a 12 month high of $56.74. The stock has a market capitalization of $5.05 billion, a PE ratio of 25.98 and a beta of 0.84. The stock has a 50-day simple moving average of $55.72 and a two-hundred day simple moving average of $54.18.

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

The firm also recently declared a monthly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Tuesday, September 1st were paid a $0.3974 dividend. This represents a c) annualized dividend and a dividend yield of 8.6%. The ex-dividend date was Tuesday, September 1st. This is a positive change from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.39.

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.