Short Interest in Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Rises By 461.9%

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 345,719 shares, a growth of 461.9% from the April 15th total of 61,527 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 724,328 shares, the days-to-cover ratio is presently 0.5 days.

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

Shares of NASDAQ GPIX opened at $55.58 on Friday. The stock has a market cap of $3.77 billion, a PE ratio of 25.98 and a beta of 0.84. Goldman Sachs S&P 500 Core Premium Income ETF has a fifty-two week low of $47.04 and a fifty-two week high of $55.62. The stock has a fifty day moving average of $52.13 and a 200-day moving average of $52.48.

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

The business also recently announced a dividend, which was paid on Thursday, May 7th. Shareholders of record on Friday, May 1st were issued a dividend of $0.3831 per share. The ex-dividend date of this dividend was Friday, May 1st. This is a boost from Goldman Sachs S&P 500 Core Premium Income ETF’s previous dividend of $0.35.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GPIX. Royal Bank of Canada grew 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 valued at $4,815,000 after buying an additional 83,419 shares in the last quarter. Jane Street Group LLC grew its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 857.0% during the 1st quarter. Jane Street Group LLC now owns 81,992 shares of the company’s stock valued at $3,822,000 after buying an additional 73,424 shares in the last quarter. Cerity Partners LLC purchased a new position in Goldman Sachs S&P 500 Core Premium Income ETF during the 2nd quarter valued at about $347,000. Raymond James Financial Inc. purchased a new position in Goldman Sachs S&P 500 Core Premium Income ETF during the 2nd quarter valued at about $1,577,000. Finally, White Knight Strategic Wealth Advisors LLC grew its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 7.2% during the 2nd quarter. White Knight Strategic Wealth Advisors LLC now owns 15,360 shares of the company’s stock valued at $765,000 after buying an additional 1,026 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.