Short Interest in Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Declines By 33.7%

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) saw a significant decline in short interest in February. As of February 28th, there was short interest totalling 47,700 shares, a decline of 33.7% from the February 13th total of 71,900 shares. Based on an average trading volume of 166,900 shares, the short-interest ratio is presently 0.3 days. Approximately 0.5% of the shares of the stock are short sold.

Goldman Sachs S&P 500 Core Premium Income ETF Stock Up 0.6 %

NASDAQ:GPIX traded up $0.30 during midday trading on Monday, hitting $47.04. The company had a trading volume of 308,800 shares, compared to its average volume of 89,880. Goldman Sachs S&P 500 Core Premium Income ETF has a 52-week low of $44.06 and a 52-week high of $50.84. The stock’s fifty day moving average price is $49.41 and its 200-day moving average price is $49.35. The company has a market capitalization of $409.25 million, a PE ratio of 25.96 and a beta of 0.82.

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

The business also recently announced a dividend, which was paid on Friday, March 7th. Investors of record on Monday, March 3rd were given a $0.3444 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GPIX. US Bancorp DE boosted its position in Goldman Sachs S&P 500 Core Premium Income ETF by 35.7% during the third quarter. US Bancorp DE now owns 2,375 shares of the company’s stock valued at $117,000 after buying an additional 625 shares during the period. Private Trust Co. NA boosted its position in Goldman Sachs S&P 500 Core Premium Income ETF by 51.5% during the third quarter. Private Trust Co. NA now owns 3,234 shares of the company’s stock valued at $159,000 after buying an additional 1,100 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the fourth quarter valued at about $193,000. Janney Montgomery Scott LLC purchased a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the fourth quarter valued at about $201,000. Finally, Park Avenue Securities LLC purchased a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the fourth quarter valued at about $249,000.

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.