Short Interest in Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Rises By 143.8%

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 842,803 shares, a growth of 143.8% from the April 30th total of 345,719 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 802,180 shares, the short-interest ratio is presently 1.1 days.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. LPL Financial LLC increased its stake in Goldman Sachs S&P 500 Core Premium Income ETF by 50.9% during the 4th quarter. LPL Financial LLC now owns 4,282,956 shares of the company’s stock worth $226,140,000 after acquiring an additional 1,445,041 shares during the period. Bank of America Corp DE lifted its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 111.5% during the 3rd quarter. Bank of America Corp DE now owns 1,627,328 shares of the company’s stock worth $84,995,000 after buying an additional 857,957 shares during the period. Hilton Capital Management LLC acquired a new position in Goldman Sachs S&P 500 Core Premium Income ETF in the fourth quarter valued at approximately $40,208,000. Wells Fargo & Company MN raised its stake in Goldman Sachs S&P 500 Core Premium Income ETF by 723.5% during the 4th quarter. Wells Fargo & Company MN now owns 660,520 shares of the company’s stock worth $34,875,000 after buying an additional 580,313 shares during the period. Finally, Pineridge Advisors LLC acquired a new position in Goldman Sachs S&P 500 Core Premium Income ETF during the 3rd quarter worth approximately $29,676,000.

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

Shares of GPIX stock traded down $0.30 on Monday, hitting $55.82. 874,624 shares of the stock were exchanged, compared to its average volume of 793,179. The firm has a market capitalization of $3.79 billion, a P/E ratio of 25.98 and a beta of 0.84. The business has a 50-day moving average of $53.01 and a 200 day moving average of $52.69. Goldman Sachs S&P 500 Core Premium Income ETF has a fifty-two week low of $47.49 and a fifty-two week high of $56.19.

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

The company also recently disclosed a dividend, which will be paid on Friday, June 5th. Stockholders of record on Monday, June 1st will be given a dividend of $0.3969 per share. This is an increase from Goldman Sachs S&P 500 Core Premium Income ETF’s previous dividend of $0.38. The ex-dividend date of this dividend is Monday, June 1st.

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.