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 recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 65,500 shares, a growth of 37.3% from the February 28th total of 47,700 shares. Based on an average daily volume of 183,000 shares, the short-interest ratio is currently 0.4 days. Currently, 0.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GPIX. Steward Partners Investment Advisory LLC acquired a new stake in Goldman Sachs S&P 500 Core Premium Income ETF in the fourth quarter worth about $193,000. Janney Montgomery Scott LLC bought a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the 4th quarter worth about $201,000. Park Avenue Securities LLC acquired a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the 4th quarter worth approximately $249,000. Cornerstone Wealth Management LLC acquired a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the fourth quarter valued at approximately $277,000. Finally, Sanctuary Advisors LLC bought a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the fourth quarter worth approximately $292,000.

Goldman Sachs S&P 500 Core Premium Income ETF Stock Down 0.6 %

NASDAQ GPIX traded down $0.28 on Tuesday, hitting $46.34. The stock had a trading volume of 149,293 shares, compared to its average volume of 93,528. The company’s 50-day moving average is $48.90 and its two-hundred day moving average is $49.31. Goldman Sachs S&P 500 Core Premium Income ETF has a one year low of $44.06 and a one year high of $50.84. The stock has a market cap of $403.11 million, a price-to-earnings ratio of 25.05 and a beta of 0.82.

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

The firm also recently announced a dividend, which was paid on Friday, March 7th. Investors of record on Monday, March 3rd were given a $0.3444 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.