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) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 107,500 shares, a growth of 208.9% from the August 15th total of 34,800 shares. Based on an average daily trading volume, of 55,400 shares, the short-interest ratio is presently 1.9 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of GPIX. Fortress Wealth Management Inc. raised its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 4.8% in the 2nd quarter. Fortress Wealth Management Inc. now owns 20,820 shares of the company’s stock valued at $988,000 after purchasing an additional 949 shares during the period. High Net Worth Advisory Group LLC lifted its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 58.3% during the 1st quarter. High Net Worth Advisory Group LLC now owns 9,500 shares of the company’s stock worth $447,000 after purchasing an additional 3,500 shares during the last quarter. Moseley Investment Management Inc. bought a new position in Goldman Sachs S&P 500 Core Premium Income ETF during the second quarter worth about $218,000. MGO One Seven LLC raised its stake in Goldman Sachs S&P 500 Core Premium Income ETF by 20.4% in the 2nd quarter. MGO One Seven LLC now owns 27,390 shares of the company’s stock worth $1,300,000 after purchasing an additional 4,635 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC acquired a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the 4th quarter worth approximately $252,000.

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

Shares of GPIX traded up $0.20 during trading hours on Friday, hitting $48.08. The stock had a trading volume of 34,318 shares, compared to its average volume of 42,305. The stock has a market capitalization of $187.51 million, a price-to-earnings ratio of 24.02 and a beta of 0.82. The company’s fifty day moving average is $47.39 and its two-hundred day moving average is $46.75. Goldman Sachs S&P 500 Core Premium Income ETF has a 52 week low of $39.03 and a 52 week high of $49.11.

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

The business also recently declared a monthly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Wednesday, September 4th were paid a dividend of $0.3422 per share. This is a boost from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.30. This represents a $4.11 annualized dividend and a dividend yield of 8.54%. The ex-dividend date was Wednesday, September 4th.

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.