Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Sees Large Growth in Short Interest

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 733,933 shares, a growth of 78.7% from the September 30th total of 410,614 shares. Based on an average daily trading volume, of 1,174,119 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.7% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Symphony Financial Ltd. Co. lifted its position in Goldman Sachs S&P 500 Core Premium Income ETF by 4.9% during the second quarter. Symphony Financial Ltd. Co. now owns 4,250 shares of the company’s stock worth $236,000 after buying an additional 200 shares in the last quarter. Axxcess Wealth Management LLC increased its stake in 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 worth $419,000 after acquiring an additional 215 shares during the last quarter. Wealth Alliance LLC raised its position in Goldman Sachs S&P 500 Core Premium Income ETF by 3.7% in the first quarter. Wealth Alliance LLC now owns 6,213 shares of the company’s stock valued at $311,000 after purchasing an additional 219 shares during the period. Kercheville Advisors LLC raised its position in Goldman Sachs S&P 500 Core Premium Income ETF by 5.1% in the third quarter. Kercheville Advisors LLC now owns 5,120 shares of the company’s stock valued at $286,000 after purchasing an additional 250 shares during the period. Finally, Ascension Capital Advisors Inc. raised its position in Goldman Sachs S&P 500 Core Premium Income ETF by 1.5% in the first quarter. Ascension Capital Advisors Inc. now owns 25,401 shares of the company’s stock valued at $1,271,000 after purchasing an additional 387 shares during the period.

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

NASDAQ:GPIX traded down $0.92 during mid-day trading on Friday, hitting $55.14. The company’s stock had a trading volume of 1,777,781 shares, compared to its average volume of 951,197. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 25.98 and a beta of 0.83. Goldman Sachs S&P 500 Core Premium Income ETF has a 1 year low of $48.46 and a 1 year high of $56.74. The business’s fifty day moving average is $55.94 and its two-hundred day moving average is $54.30.

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

The firm also recently declared a monthly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, October 1st were paid a $0.3970 dividend. The ex-dividend date was Thursday, October 1st. This represents a $4.76 annualized dividend and a dividend yield of 8.6%. This is a drop from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.3974.

About Goldman Sachs S&P 500 Core Premium Income ETF

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.