Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Stock Short Interest Climbs 56.4%

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) was the target of a significant growth in short interest in 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 trading volume of 1,192,658 shares, the short-interest ratio is currently 0.3 days. Currently, 0.4% of the shares of the stock are short sold.

Institutional Trading of Goldman Sachs S&P 500 Core Premium Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Milestone Asset Management LLC purchased a new stake in Goldman Sachs S&P 500 Core Premium Income ETF in the 3rd quarter worth $2,177,000. NFSG Corp boosted its holdings in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 13.5% during the 3rd quarter. NFSG Corp now owns 27,907 shares of the company’s stock valued at $1,558,000 after purchasing an additional 3,321 shares during the last quarter. Saxony Capital Management LLC boosted its holdings in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 11.8% during the 3rd quarter. Saxony Capital Management LLC now owns 7,360 shares of the company’s stock valued at $411,000 after purchasing an additional 778 shares during the last quarter. Winnacle Wealth LLC grew its position in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 28.6% during the third quarter. Winnacle Wealth LLC now owns 31,928 shares of the company’s stock valued at $1,783,000 after purchasing an additional 7,101 shares in the last quarter. Finally, Elmwood Wealth Management Inc. grew its position in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 3.8% during the third quarter. Elmwood Wealth Management Inc. now owns 137,114 shares of the company’s stock valued at $7,655,000 after purchasing an additional 5,032 shares in the last quarter.

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

Shares of Goldman Sachs S&P 500 Core Premium Income ETF stock opened at $55.60 on Friday. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 25.98 and a beta of 0.83. The stock’s 50-day simple moving average is $56.03 and its 200-day simple moving average is $54.99. 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 firm also recently announced a monthly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, October 1st were paid a dividend of $0.3970 per share. This is a drop from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.3974. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $4.76 annualized dividend and a yield of 8.6%.

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.