Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Sees Large Increase in Short Interest

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 321,300 shares, a growth of 130.4% from the January 29th total of 139,463 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 839,682 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 839,682 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wolff Wiese Magana LLC raised its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 163.2% during the 3rd quarter. Wolff Wiese Magana LLC now owns 487 shares of the company’s stock valued at $25,000 after acquiring an additional 302 shares during the period. Manchester Capital Management LLC purchased a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the fourth quarter valued at $30,000. Physician Wealth Advisors Inc. purchased a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the fourth quarter valued at $31,000. Private Wealth Asset Management LLC bought a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the 4th quarter valued at $34,000. Finally, CoreCap Advisors LLC raised its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 1,572.1% during the 4th quarter. CoreCap Advisors LLC now owns 719 shares of the company’s stock valued at $38,000 after purchasing an additional 676 shares during the period.

Goldman Sachs S&P 500 Core Premium Income ETF Stock Down 0.4%

Goldman Sachs S&P 500 Core Premium Income ETF stock traded down $0.19 during midday trading on Friday, reaching $52.71. The stock had a trading volume of 1,141,102 shares, compared to its average volume of 795,995. The firm has a market capitalization of $2.95 billion, a PE ratio of 25.98 and a beta of 0.84. Goldman Sachs S&P 500 Core Premium Income ETF has a 12 month low of $40.01 and a 12 month high of $53.55. The firm’s 50-day moving average price is $52.89 and its 200 day moving average price is $52.27.

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

The firm also recently declared a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were given a $0.3763 dividend. This represents a c) annualized dividend and a dividend yield of 8.6%. This is an increase from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.38. The ex-dividend date of this dividend was Monday, February 2nd.

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.