Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Shares Shorted: Short Interest Up 56.4% in September

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 410,614 shares, a growth of 56.4% from the September 15th total of 262,527 shares. Based on an average daily trading volume, of 1,192,658 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the company’s shares are short sold.

Goldman Sachs S&P 500 Core Premium Income ETF Trading Down 0.9%

GPIX traded down $0.50 during trading on Friday, hitting $55.60. 1,533,870 shares of the company’s stock were exchanged, compared to its average volume of 935,613. Goldman Sachs S&P 500 Core Premium Income ETF has a 1 year low of $48.46 and a 1 year high of $56.74. The stock has a 50 day moving average price of $56.03 and a 200 day moving average price of $54.99. The firm has a market cap of $6.18 billion, a P/E ratio of 25.98 and a beta of 0.83.

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

The business also recently declared a monthly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, October 1st were issued a $0.3970 dividend. The ex-dividend date was Thursday, October 1st. This represents a $4.76 annualized dividend and a yield of 8.6%. This is a decrease from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.3974.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 21.5% in the first quarter. Bank of America Corp DE now owns 2,957,052 shares of the company’s stock valued at $147,971,000 after buying an additional 523,224 shares in the last quarter. Cornerstone Advisory LLC grew its position in Goldman Sachs S&P 500 Core Premium Income ETF by 19.6% in the first quarter. Cornerstone Advisory LLC now owns 1,599,317 shares of the company’s stock valued at $80,030,000 after acquiring an additional 262,596 shares in the last quarter. SK Wealth Management LLC raised its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 4.4% during the first quarter. SK Wealth Management LLC now owns 909,777 shares of the company’s stock valued at $45,753,000 after purchasing an additional 38,055 shares during the period. Modern Wealth Management LLC raised its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 127.3% during the first quarter. Modern Wealth Management LLC now owns 582,931 shares of the company’s stock valued at $29,147,000 after purchasing an additional 326,488 shares during the period. Finally, Kintra Wealth LLC raised its stake in shares of 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 valued at $27,771,000 after purchasing an additional 58,462 shares during the period.

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.