Short Interest in Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Rises By 58.1%

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 459,313 shares, a growth of 58.1% from the November 30th total of 290,554 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily volume of 658,866 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 658,866 shares, the short-interest ratio is presently 0.7 days. Approximately 1.2% of the company’s stock are short sold.

Goldman Sachs S&P 500 Core Premium Income ETF Price Performance

Goldman Sachs S&P 500 Core Premium Income ETF stock opened at $53.28 on Monday. The firm has a market cap of $2.05 billion, a PE 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 $40.01 and a 52-week high of $53.50. The company’s 50 day moving average is $52.49 and its two-hundred day moving average is $51.31.

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

The business also recently disclosed a monthly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, December 1st were paid a $0.3741 dividend. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date was Monday, December 1st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GPIX. Royal Bank of Canada increased its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 419.4% during the 1st quarter. Royal Bank of Canada now owns 103,307 shares of the company’s stock worth $4,815,000 after purchasing an additional 83,419 shares during the period. Curi RMB Capital LLC grew its position in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 3.8% during the first quarter. Curi RMB Capital LLC now owns 17,568 shares of the company’s stock worth $819,000 after buying an additional 649 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 857.0% during the first quarter. Jane Street Group LLC now owns 81,992 shares of the company’s stock worth $3,822,000 after buying an additional 73,424 shares during the period. Waller Financial Planning Group Inc. purchased a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the second quarter worth approximately $339,000. Finally, Collective Family Office LLC raised its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 3.0% in the second quarter. Collective Family Office LLC now owns 12,871 shares of the company’s stock valued at $641,000 after acquiring an additional 373 shares in the last quarter.

Goldman Sachs S&P 500 Core Premium Income ETF Company Profile

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.