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 recipient of a significant drop in short interest during the month of 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 short-interest ratio is currently 0.2 days.

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

GPIX stock opened at $50.57 on Friday. The company has a fifty day moving average price of $50.02 and a 200-day moving average price of $49.11. The company has a market capitalization of $439.96 million, a P/E 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 $44.06 and a 52-week high of $50.82.

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

The firm also recently declared a dividend, which was paid on Friday, February 7th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.3575 per share. The ex-dividend date of this dividend was Monday, February 3rd.

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

Several large investors have recently modified their holdings of the business. NewEdge Advisors LLC raised its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 2.5% during the fourth quarter. NewEdge Advisors LLC now owns 157,773 shares of the company’s stock valued at $7,802,000 after acquiring an additional 3,785 shares during the last quarter. M Holdings Securities Inc. raised its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 56.4% during the fourth quarter. M Holdings Securities Inc. now owns 16,837 shares of the company’s stock valued at $833,000 after acquiring an additional 6,071 shares during the last quarter. Mariner LLC raised its stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 29.4% during the fourth quarter. Mariner LLC now owns 69,702 shares of the company’s stock valued at $3,447,000 after acquiring an additional 15,837 shares during the last quarter. FRG Family Wealth Advisors LLC increased its position in shares of Goldman Sachs S&P 500 Core Premium Income ETF by 20.9% during the fourth quarter. FRG Family Wealth Advisors LLC now owns 15,445 shares of the company’s stock worth $764,000 after buying an additional 2,675 shares during the period. Finally, Wells Fargo & Company MN acquired a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the fourth quarter worth $468,000.

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.