Short Interest in Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Increases By 235.5%

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 561,940 shares, an increase of 235.5% from the August 15th total of 167,493 shares. Based on an average trading volume of 1,070,379 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.6% of the company’s stock are short sold.

Goldman Sachs S&P 500 Core Premium Income ETF Stock Up 0.8%

Shares of GPIX traded up $0.45 during trading hours on Friday, reaching $55.66. The company’s stock had a trading volume of 1,123,945 shares, compared to its average volume of 894,794. The company has a 50 day moving average of $55.72 and a two-hundred day moving average of $54.18. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of 25.98 and a beta of 0.84. 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.

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

The business also recently announced a monthly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Tuesday, September 1st were given a $0.3974 dividend. This represents a c) dividend on an annualized basis and a yield of 8.6%. The ex-dividend date was Tuesday, September 1st. This is a positive change from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.39.

Hedge Funds Weigh In On Goldman Sachs S&P 500 Core Premium Income ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. LPL Financial LLC boosted its position in Goldman Sachs S&P 500 Core Premium Income ETF by 50.9% during the fourth quarter. LPL Financial LLC now owns 4,282,956 shares of the company’s stock valued at $226,140,000 after purchasing an additional 1,445,041 shares during the last quarter. Bank of America Corp DE grew its stake in Goldman Sachs S&P 500 Core Premium Income ETF by 111.5% in the third quarter. Bank of America Corp DE now owns 1,627,328 shares of the company’s stock valued at $84,995,000 after purchasing an additional 857,957 shares in the last quarter. Hilton Capital Management LLC acquired a new position in Goldman Sachs S&P 500 Core Premium Income ETF in the 4th quarter worth about $40,208,000. Wells Fargo & Company MN increased its position in Goldman Sachs S&P 500 Core Premium Income ETF by 723.5% in the 4th quarter. Wells Fargo & Company MN now owns 660,520 shares of the company’s stock worth $34,875,000 after purchasing an additional 580,313 shares during the last quarter. Finally, Cerity Partners LLC raised its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 7,735.9% during the 4th quarter. Cerity Partners LLC now owns 545,924 shares of the company’s stock worth $28,825,000 after purchasing an additional 538,957 shares in the last quarter.

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.