Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Sees Significant Decrease in Short Interest

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 28,000 shares, a drop of 14.4% from the June 30th total of 32,700 shares. Based on an average daily trading volume, of 51,900 shares, the short-interest ratio is currently 0.5 days.

Goldman Sachs S&P 500 Core Premium Income ETF Stock Up 0.1 %

NASDAQ GPIX traded up $0.07 during trading hours on Monday, hitting $47.35. The company had a trading volume of 47,169 shares, compared to its average volume of 40,012. The firm has a market cap of $184.67 million, a P/E ratio of 24.02 and a beta of 0.82. Goldman Sachs S&P 500 Core Premium Income ETF has a fifty-two week low of $39.03 and a fifty-two week high of $49.11. The business has a fifty day simple moving average of $47.30 and a 200-day simple moving average of $46.25.

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

The firm also recently declared a monthly dividend, which was paid on Tuesday, July 9th. Stockholders of record on Tuesday, July 2nd were issued a dividend of $0.3358 per share. This represents a $4.03 dividend on an annualized basis and a dividend yield of 8.51%. This is a positive change from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, July 2nd.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GPIX. Moseley Investment Management Inc. acquired a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the 2nd quarter valued at $218,000. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the 4th quarter valued at $252,000. Canvas Wealth Advisors LLC acquired a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the 1st quarter valued at $274,000. High Net Worth Advisory Group LLC boosted its position in shares of 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 purchasing an additional 3,500 shares during the period. Finally, Semus Wealth Partners LLC acquired a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the 1st quarter valued at $518,000.

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.