Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Short Interest Update

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) was the target of a large drop in short interest in June. As of June 15th, there was short interest totalling 24,800 shares, a drop of 88.2% from the May 31st total of 210,400 shares. Based on an average daily volume of 44,500 shares, the short-interest ratio is currently 0.6 days.

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

Shares of NASDAQ GPIX traded down $0.14 during midday trading on Friday, reaching $47.47. 57,483 shares of the company’s stock were exchanged, compared to its average volume of 37,165. The stock has a market capitalization of $85.45 million, a PE ratio of 24.02 and a beta of 0.82. Goldman Sachs S&P 500 Core Premium Income ETF has a 52-week low of $39.03 and a 52-week high of $47.79. The business’s fifty day moving average price is $46.46 and its two-hundred day moving average price is $45.65.

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

The firm also recently announced a monthly dividend, which was paid on Monday, June 10th. Shareholders of record on Tuesday, June 4th were given a $0.3293 dividend. This represents a $3.95 dividend on an annualized basis and a dividend yield of 8.32%. This is a positive change from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, June 4th.

Hedge Funds Weigh In On Goldman Sachs S&P 500 Core Premium Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Cary Street Partners Investment Advisory LLC bought a new position in Goldman Sachs S&P 500 Core Premium Income ETF during the 4th quarter valued at $252,000. Canvas Wealth Advisors LLC bought a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the first quarter worth about $274,000. High Net Worth Advisory Group LLC grew its stake in Goldman Sachs S&P 500 Core Premium Income ETF by 58.3% in the first quarter. High Net Worth Advisory Group LLC now owns 9,500 shares of the company’s stock worth $447,000 after purchasing an additional 3,500 shares in the last quarter. Semus Wealth Partners LLC bought a new stake in Goldman Sachs S&P 500 Core Premium Income ETF in the first quarter valued at about $518,000. Finally, Aurora Private Wealth Inc. acquired a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the first quarter valued at approximately $731,000.

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.