Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX – Get Free Report) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 376,180 shares, a growth of 159.3% from the June 15th total of 145,063 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 902,591 shares, the short-interest ratio is currently 0.4 days.
Hedge Funds Weigh In On Goldman Sachs S&P 500 Core Premium Income ETF
Several hedge funds and other institutional investors have recently made changes to their positions in GPIX. LPL Financial LLC lifted its holdings in Goldman Sachs S&P 500 Core Premium Income ETF by 50.9% in the 4th quarter. LPL Financial LLC now owns 4,282,956 shares of the company’s stock valued at $226,140,000 after purchasing an additional 1,445,041 shares in the last quarter. Bank of America Corp DE boosted its stake in Goldman Sachs S&P 500 Core Premium Income ETF by 111.5% during the 3rd quarter. Bank of America Corp DE now owns 1,627,328 shares of the company’s stock worth $84,995,000 after purchasing an additional 857,957 shares during the last quarter. Hilton Capital Management LLC purchased a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the fourth quarter worth $40,208,000. Wells Fargo & Company MN grew its holdings in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 723.5% during the fourth quarter. Wells Fargo & Company MN now owns 660,520 shares of the company’s stock worth $34,875,000 after buying an additional 580,313 shares in the last quarter. Finally, Cerity Partners LLC raised its position in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 7,735.9% in the fourth quarter. Cerity Partners LLC now owns 545,924 shares of the company’s stock valued at $28,825,000 after buying an additional 538,957 shares during the last quarter.
Goldman Sachs S&P 500 Core Premium Income ETF Stock Performance
Shares of GPIX traded up $0.18 during mid-day trading on Wednesday, hitting $55.69. 1,007,190 shares of the company were exchanged, compared to its average volume of 824,153. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 25.98 and a beta of 0.84. Goldman Sachs S&P 500 Core Premium Income ETF has a 1-year low of $48.46 and a 1-year high of $56.19. The company has a 50 day moving average of $55.19 and a 200-day moving average of $53.32.
Goldman Sachs S&P 500 Core Premium Income ETF Cuts Dividend
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.
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