Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Short Interest Down 6.6% in December

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 36,700 shares, a decrease of 6.6% from the December 15th total of 39,300 shares. Based on an average trading volume of 101,600 shares, the days-to-cover ratio is presently 0.4 days.

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

Shares of NASDAQ GPIX traded up $0.43 during mid-day trading on Monday, reaching $50.01. The company had a trading volume of 140,162 shares, compared to its average volume of 187,369. The firm has a market cap of $410.08 million, a price-to-earnings ratio of 24.02 and a beta of 0.82. The business’s 50-day simple moving average is $50.01 and its 200 day simple moving average is $48.76. Goldman Sachs S&P 500 Core Premium Income ETF has a one year low of $43.79 and a one year high of $50.82.

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

The company also recently announced a monthly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, January 3rd were issued a $0.3496 dividend. This is a positive change from Goldman Sachs S&P 500 Core Premium Income ETF’s previous monthly dividend of $0.34. This represents a $4.20 annualized dividend and a yield of 8.39%. The ex-dividend date of this dividend was Friday, January 3rd.

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

Several hedge funds and other institutional investors have recently made changes to their positions in GPIX. Jane Street Group LLC bought a new position in Goldman Sachs S&P 500 Core Premium Income ETF in the third quarter valued at approximately $1,891,000. NewEdge Advisors LLC bought a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the 2nd quarter valued at $5,672,000. Synergy Financial Group LTD acquired a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the 3rd quarter worth $291,000. Good Life Advisors LLC bought a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the 3rd quarter worth $939,000. Finally, Princeton Global Asset Management LLC boosted its stake in Goldman Sachs S&P 500 Core Premium Income ETF by 13.3% in the third quarter. Princeton Global Asset Management LLC now owns 5,450 shares of the company’s stock valued at $268,000 after buying an additional 640 shares in the last quarter.

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.