Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Short Interest Up 208.9% in August

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 107,500 shares, an increase of 208.9% from the August 15th total of 34,800 shares. Based on an average daily volume of 55,400 shares, the days-to-cover ratio is presently 1.9 days.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Fortress Wealth Management Inc. raised its holdings in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 4.8% in the second quarter. Fortress Wealth Management Inc. now owns 20,820 shares of the company’s stock valued at $988,000 after purchasing an additional 949 shares during the last quarter. High Net Worth Advisory Group LLC increased its stake in Goldman Sachs S&P 500 Core Premium Income ETF by 58.3% in the 1st quarter. High Net Worth Advisory Group LLC now owns 9,500 shares of the company’s stock valued at $447,000 after buying an additional 3,500 shares during the last quarter. Moseley Investment Management Inc. bought a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the 2nd quarter worth about $218,000. MGO One Seven LLC boosted its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 20.4% during the 2nd quarter. MGO One Seven LLC now owns 27,390 shares of the company’s stock worth $1,300,000 after buying an additional 4,635 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC bought a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the 4th quarter valued at about $252,000.

Goldman Sachs S&P 500 Core Premium Income ETF Trading Up 0.7 %

Shares of GPIX stock traded up $0.34 during trading hours on Thursday, hitting $47.88. 55,072 shares of the company were exchanged, compared to its average volume of 42,350. Goldman Sachs S&P 500 Core Premium Income ETF has a 52 week low of $39.03 and a 52 week high of $49.11. The business has a 50 day moving average of $47.39 and a two-hundred day moving average of $46.73. The company has a market capitalization of $186.73 million, a PE ratio of 24.02 and a beta of 0.82.

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

The company also recently announced a monthly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Wednesday, September 4th were issued a dividend of $0.3422 per share. This represents a $4.11 dividend on an annualized basis and a yield of 8.58%. The ex-dividend date of this dividend was Wednesday, September 4th. This is a boost from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.30.

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.