Short Interest in Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Decreases By 88.2%

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totalling 24,800 shares, a decline of 88.2% from the May 31st total of 210,400 shares. Based on an average trading volume of 44,500 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. High Net Worth Advisory Group LLC lifted its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 58.3% in the first quarter. High Net Worth Advisory Group LLC now owns 9,500 shares of the company’s stock worth $447,000 after buying an additional 3,500 shares in the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the fourth quarter worth approximately $252,000. Canvas Wealth Advisors LLC bought a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the first quarter worth approximately $274,000. Semus Wealth Partners LLC bought a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the first quarter worth approximately $518,000. Finally, Aurora Private Wealth Inc. bought a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the first quarter worth approximately $731,000.

Goldman Sachs S&P 500 Core Premium Income ETF Stock Up 0.1 %

Shares of NASDAQ GPIX traded up $0.07 during midday trading on Thursday, hitting $47.61. The stock had a trading volume of 58,051 shares, compared to its average volume of 37,001. The business’s 50 day moving average is $46.40 and its 200-day moving average is $45.62. The company has a market cap of $85.70 million, a P/E ratio of 24.02 and a beta of 0.82. Goldman Sachs S&P 500 Core Premium Income ETF has a 52 week low of $39.03 and a 52 week high of $47.75.

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

The company also recently announced a monthly dividend, which was paid on Monday, June 10th. Stockholders of record on Tuesday, June 4th were paid a $0.3293 dividend. This represents a $3.95 annualized dividend and a dividend yield of 8.30%. The ex-dividend date was Tuesday, June 4th. This is an increase from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.30.

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.