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

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX – Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 561,940 shares, a growth of 235.5% from the August 15th total of 167,493 shares. Based on an average trading volume of 1,070,379 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.6% of the company’s shares are short sold.

Institutional Investors Weigh In On Goldman Sachs S&P 500 Core Premium Income ETF

Several large investors have recently made changes to their positions in GPIX. Manchester Capital Management LLC purchased a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the fourth quarter worth about $30,000. Private Wealth Asset Management LLC acquired a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the 4th quarter valued at approximately $34,000. Highland Investment Advisors LLC acquired a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the 2nd quarter valued at approximately $34,000. Tsfg LLC purchased a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the 2nd quarter worth approximately $45,000. Finally, Franklin Resources Inc. purchased a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the 4th quarter worth approximately $53,000.

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Goldman Sachs S&P 500 Core Premium Income ETF Trading Down 0.1%

NASDAQ:GPIX traded down $0.08 on Monday, hitting $55.58. 568,309 shares of the stock were exchanged, compared to its average volume of 892,749. The stock has a fifty day moving average of $55.72 and a 200-day moving average of $54.19. The stock has a market cap of $5.04 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 $48.46 and a fifty-two week high of $56.74.

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

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 8th. Investors of record on Tuesday, September 1st were given a dividend of $0.3974 per share. This is a boost from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.39. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 8.6%.

About Goldman Sachs S&P 500 Core Premium Income ETF

(Get Free Report)

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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