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

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 459,313 shares, an increase of 58.1% from the November 30th total of 290,554 shares. Based on an average trading volume of 658,866 shares, the short-interest ratio is currently 0.7 days. Approximately 1.2% of the company’s stock are sold short. Approximately 1.2% of the company’s stock are sold short. Based on an average trading volume of 658,866 shares, the short-interest ratio is currently 0.7 days.

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

Shares of NASDAQ:GPIX opened at $53.11 on Wednesday. The firm has a market cap of $2.04 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 $40.01 and a 1 year high of $53.50. The business has a fifty day simple moving average of $52.52 and a 200 day simple moving average of $51.37.

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

The company also recently declared a monthly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, December 1st were paid a dividend of $0.3741 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%.

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

Large investors have recently made changes to their positions in the company. Whalen Wealth Management Inc. boosted its position in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 93.9% in the third quarter. Whalen Wealth Management Inc. now owns 92,420 shares of the company’s stock valued at $4,827,000 after acquiring an additional 44,766 shares during the period. Truist Financial Corp acquired a new position in Goldman Sachs S&P 500 Core Premium Income ETF during the 2nd quarter valued at $2,410,000. Avalon Capital Management raised its stake in Goldman Sachs S&P 500 Core Premium Income ETF by 1.8% during the 2nd quarter. Avalon Capital Management now owns 55,166 shares of the company’s stock valued at $2,748,000 after purchasing an additional 998 shares during the last quarter. Comprehensive Money Management Services LLC acquired a new position in Goldman Sachs S&P 500 Core Premium Income ETF in the 2nd quarter valued at approximately $259,000. Finally, DAVENPORT & Co LLC lifted its position in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 32.2% in the 3rd quarter. DAVENPORT & Co LLC now owns 77,512 shares of the company’s stock worth $4,048,000 after acquiring an additional 18,887 shares during the period.

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.