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

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 21,500 shares, a drop of 39.6% from the January 15th total of 35,600 shares. Based on an average trading volume of 136,400 shares, the days-to-cover ratio is presently 0.2 days.

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

Shares of GPIX opened at $50.57 on Friday. The stock has a 50 day moving average price of $50.02 and a 200 day moving average price of $49.11. Goldman Sachs S&P 500 Core Premium Income ETF has a one year low of $44.06 and a one year high of $50.82. The stock has a market capitalization of $439.96 million, a price-to-earnings ratio of 24.02 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, February 7th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.3575 per share. The ex-dividend date of this dividend was Monday, February 3rd.

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

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC purchased a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the 3rd quarter valued at about $1,891,000. Park Avenue Securities LLC purchased a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the fourth quarter valued at approximately $249,000. Janney Montgomery Scott LLC acquired a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the fourth quarter valued at approximately $201,000. Synergy Financial Group LTD purchased a new position in Goldman Sachs S&P 500 Core Premium Income ETF during the third quarter worth approximately $291,000. Finally, Apollon Wealth Management LLC acquired a new position in Goldman Sachs S&P 500 Core Premium Income ETF during the third quarter worth $1,354,000.

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.