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 large growth in short interest during the month of October. As of October 15th, there was short interest totaling 733,933 shares, a growth of 78.7% from the September 30th total of 410,614 shares. Based on an average daily volume of 1,174,119 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.7% of the shares of the company are short sold.

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

Institutional investors have recently added to or reduced their stakes in the company. Jmac Enterprises LLC raised its stake in Goldman Sachs S&P 500 Core Premium Income ETF by 2.3% in the third quarter. Jmac Enterprises LLC now owns 225,467 shares of the company’s stock worth $12,588,000 after buying an additional 4,987 shares in the last quarter. NBZ Investment Advisors LLC purchased a new stake in Goldman Sachs S&P 500 Core Premium Income ETF in the third quarter valued at about $1,263,000. Compass Financial Management LLC boosted its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 4.0% in the third quarter. Compass Financial Management LLC now owns 50,547 shares of the company’s stock worth $2,822,000 after acquiring an additional 1,935 shares in the last quarter. Focused Wealth Management Inc boosted its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 3.7% in the third quarter. Focused Wealth Management Inc now owns 94,959 shares of the company’s stock worth $5,302,000 after acquiring an additional 3,349 shares in the last quarter. Finally, Frederick Financial Consultants LLC boosted its stake in Goldman Sachs S&P 500 Core Premium Income ETF by 13.1% in the 3rd quarter. Frederick Financial Consultants LLC now owns 35,791 shares of the company’s stock worth $1,998,000 after purchasing an additional 4,157 shares in the last quarter.

Goldman Sachs S&P 500 Core Premium Income ETF Trading Down 1.6%

NASDAQ GPIX traded down $0.92 on Friday, hitting $55.14. 1,777,781 shares of the company traded hands, compared to its average volume of 951,197. Goldman Sachs S&P 500 Core Premium Income ETF has a 52-week low of $48.46 and a 52-week high of $56.74. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 25.98 and a beta of 0.83. The business’s 50 day moving average price is $55.94 and its 200-day moving average price is $54.30.

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

The firm also recently announced a monthly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, October 1st were paid a dividend of $0.3970 per share. This is a drop from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.3974. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $4.76 annualized dividend and a yield of 8.6%.

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.