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 significant drop in short interest in the month of 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. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 1,255,585 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On Goldman Sachs S&P 500 Core Premium Income ETF

A number of hedge funds have recently modified their holdings of the business. Manchester Capital Management LLC bought a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the fourth quarter valued at $30,000. Private Wealth Asset Management LLC bought a new position in Goldman Sachs S&P 500 Core Premium Income ETF in the 4th quarter valued at about $34,000. Highland Investment Advisors LLC purchased a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the second quarter valued at approximately $34,000. Tsfg LLC purchased a new position in Goldman Sachs S&P 500 Core Premium Income ETF during the 2nd quarter worth $45,000. Finally, Franklin Resources Inc. bought a new stake in Goldman Sachs S&P 500 Core Premium Income ETF in the 4th quarter worth about $53,000.

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

NASDAQ:GPIX opened at $56.34 on Friday. 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’s 50-day simple moving average is $55.56 and its 200 day simple moving average is $53.96. The company has a market cap of $5.11 billion, a P/E ratio of 25.98 and a beta of 0.84.

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

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

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.