Short Interest in Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Drops By 75.3%

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 167,493 shares, a drop of 75.3% from the July 30th total of 679,144 shares. Based on an average daily volume of 1,255,585 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the shares of the company are sold short.

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

GPIX stock traded up $0.33 during midday trading on Thursday, hitting $56.42. The stock had a trading volume of 1,120,686 shares, compared to its average volume of 878,351. The firm has a market capitalization of $5.12 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 52 week low of $48.46 and a 52 week high of $56.74. The stock has a 50-day simple moving average of $55.54 and a 200 day simple moving average of $53.94.

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

The firm also recently announced a monthly dividend, which was paid on Friday, August 7th. Investors of record on Monday, August 3rd were paid a $0.3916 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 8.3%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC acquired a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the 2nd quarter worth approximately $1,375,000. Kintra Wealth LLC raised its stake in Goldman Sachs S&P 500 Core Premium Income ETF by 13.5% during the second quarter. Kintra Wealth LLC now owns 490,051 shares of the company’s stock worth $27,771,000 after acquiring an additional 58,462 shares in the last quarter. Tenet Wealth Partners LLC acquired a new position in Goldman Sachs S&P 500 Core Premium Income ETF during the second quarter worth $1,071,000. Markowski Investments bought a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the second quarter valued at $10,447,000. Finally, Highland Investment Advisors LLC bought a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the second quarter valued at $34,000.

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.