Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Stock Short Interest Jumps 78.7%

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 733,933 shares, an increase 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 currently 0.6 days. Approximately 0.7% of the shares of the stock are sold short.

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

Goldman Sachs S&P 500 Core Premium Income ETF stock traded down $0.67 during trading on Monday, reaching $54.47. 1,359,993 shares of the company were exchanged, compared to its average volume of 953,170. The stock’s 50 day simple moving average is $55.94 and its two-hundred day simple moving average is $54.30. The company has a market capitalization of $6.28 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 52-week low of $48.46 and a 52-week high of $56.74.

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

The business also recently announced a monthly dividend, which will be paid on Friday, November 6th. Shareholders of record on Monday, November 2nd will be paid a $0.3885 dividend. 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 of this dividend is Monday, November 2nd. This represents a $4.66 dividend on an annualized basis and a dividend yield of 8.6%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Highland Investment Advisors LLC purchased a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the second quarter valued at about $34,000. Tsfg LLC purchased a new position in Goldman Sachs S&P 500 Core Premium Income ETF during the second quarter worth about $45,000. Miller Global Investments LLC purchased a new position in Goldman Sachs S&P 500 Core Premium Income ETF during the third quarter worth about $112,000. International Assets Investment Management LLC raised its stake in Goldman Sachs S&P 500 Core Premium Income ETF by 877.6% during the first quarter. International Assets Investment Management LLC now owns 2,229 shares of the company’s stock worth $111,000 after purchasing an additional 2,001 shares during the period. Finally, Essential Investment Partners LLC acquired a new position in Goldman Sachs S&P 500 Core Premium Income ETF in the 3rd quarter valued at about $148,000.

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.