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

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

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. The stock has a market cap of $5.05 billion, a P/E ratio of 25.98 and a beta of 0.84. The business’s 50 day moving average is $55.72 and its 200 day moving average is $54.18. Goldman Sachs S&P 500 Core Premium Income ETF has a fifty-two week low of $48.46 and a fifty-two week high of $56.74.

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 dividend of $0.3974 per share. This is a positive change from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.39. The ex-dividend date was Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 8.6%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GPIX. Manchester Capital Management LLC bought a new position in Goldman Sachs S&P 500 Core Premium Income ETF during the fourth quarter valued at about $30,000. Private Wealth Asset Management LLC acquired a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the 4th quarter valued at about $34,000. Highland Investment Advisors LLC acquired a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the 2nd quarter valued at about $34,000. Tsfg LLC bought a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the 2nd quarter valued at approximately $45,000. Finally, Franklin Resources Inc. bought a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the 4th quarter valued at approximately $53,000.

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.