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

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) was the target of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 21,500 shares, a decline of 39.6% from the January 15th total of 35,600 shares. Based on an average trading volume of 136,400 shares, the short-interest ratio is currently 0.2 days.

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

Several hedge funds have recently added to or reduced their stakes in the stock. Graney & King LLC purchased a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the fourth quarter worth about $13,066,000. Robertson Stephens Wealth Management LLC purchased a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the fourth quarter worth about $11,487,000. Mason & Associates Inc purchased a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the fourth quarter worth about $9,496,000. HighTower Advisors LLC increased its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 51.2% in the fourth quarter. HighTower Advisors LLC now owns 468,103 shares of the company’s stock worth $23,148,000 after purchasing an additional 158,597 shares in the last quarter. Finally, LPL Financial LLC increased its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 17.1% in the fourth quarter. LPL Financial LLC now owns 797,168 shares of the company’s stock worth $39,420,000 after purchasing an additional 116,515 shares in the last quarter.

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

Shares of GPIX stock opened at $50.57 on Friday. The firm has a market cap of $439.96 million, a price-to-earnings 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 $44.06 and a 52 week high of $50.82. The firm’s 50-day simple moving average is $50.02 and its two-hundred day simple moving average is $49.11.

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

The business also recently disclosed a dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, February 3rd were given a $0.3575 dividend. The ex-dividend date was Monday, February 3rd.

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.