Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Stock Short Interest Falls 70.8%

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) was the recipient of a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 214,594 shares, a decrease of 70.8% from the October 15th total of 733,933 shares. Based on an average daily volume of 1,285,086 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Xcelsior Advisor Partners LLC grew its holdings in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 100.6% during the third quarter. Xcelsior Advisor Partners LLC now owns 13,186 shares of the company’s stock valued at $736,000 after buying an additional 6,614 shares in the last quarter. Benjamin Edwards Inc. acquired a new position in Goldman Sachs S&P 500 Core Premium Income ETF in the 3rd quarter worth about $3,409,000. Hexagon Capital Partners LLC raised its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 6.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 42,814 shares of the company’s stock worth $2,390,000 after purchasing an additional 2,601 shares in the last quarter. URS Advisory LLC lifted its holdings in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 297.1% during the 3rd quarter. URS Advisory LLC now owns 69,404 shares of the company’s stock valued at $3,875,000 after buying an additional 51,925 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its stake in Goldman Sachs S&P 500 Core Premium Income ETF by 12.9% in the third quarter. Global Retirement Partners LLC now owns 67,949 shares of the company’s stock valued at $3,794,000 after acquiring an additional 7,767 shares during the last quarter.

Goldman Sachs S&P 500 Core Premium Income ETF Trading Down 0.3%

GPIX traded down $0.17 on Friday, reaching $54.65. The company had a trading volume of 873,798 shares, compared to its average volume of 970,138. The company has a fifty day moving average of $55.65 and a 200-day moving average of $54.37. The company has a market capitalization of $6.48 billion, a P/E ratio of 25.98 and a beta of 0.83. Goldman Sachs S&P 500 Core Premium Income ETF has a one year low of $48.46 and a one year high of $56.74.

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

The company also recently declared a monthly dividend, which was paid on Friday, November 6th. Stockholders of record on Monday, November 2nd were given a dividend of $0.3885 per share. This is a drop from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.3970. The ex-dividend date was Monday, November 2nd. This represents a $4.66 annualized dividend and a dividend yield of 8.5%.

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.