Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Short Interest Down 75.3% in August

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 167,493 shares, a drop of 75.3% from the July 30th total of 679,144 shares. Based on an average daily volume of 1,255,585 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are sold short.

Goldman Sachs S&P 500 Core Premium Income ETF Stock Performance

Shares of NASDAQ GPIX traded up $0.33 during mid-day trading on Thursday, hitting $56.42. 1,120,686 shares of the stock were exchanged, compared to its average volume of 878,351. The company has a market cap of $5.12 billion, a P/E ratio of 25.98 and a beta of 0.84. The stock’s fifty day simple moving average is $55.54 and its two-hundred day simple moving average is $53.94. Goldman Sachs S&P 500 Core Premium Income ETF has a twelve month low of $48.46 and a twelve month high of $56.74.

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

The firm also recently declared a monthly dividend, which was paid on Friday, August 7th. Investors of record on Monday, August 3rd were given a dividend of $0.3916 per share. The ex-dividend date was Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 8.3%.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of GPIX. Manchester Capital Management LLC bought a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the fourth quarter valued at about $30,000. Private Wealth Asset Management LLC bought a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the 4th quarter worth about $34,000. Highland Investment Advisors LLC acquired a new stake in Goldman Sachs S&P 500 Core Premium Income ETF in the 2nd quarter valued at about $34,000. Tsfg LLC acquired a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the second quarter worth approximately $45,000. Finally, Franklin Resources Inc. acquired a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the fourth quarter worth approximately $53,000.

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.