Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) Short Interest Up 37.3% in March

Goldman Sachs S&P 500 Core Premium Income ETF (NASDAQ:GPIX) saw a significant growth in short interest in 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. Currently, 0.6% of the shares of the company are short sold. Based on an average trading volume of 183,000 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC purchased a new position in shares of Goldman Sachs S&P 500 Core Premium Income ETF during the fourth quarter worth approximately $193,000. Janney Montgomery Scott LLC acquired a new stake in Goldman Sachs S&P 500 Core Premium Income ETF during the 4th quarter worth $201,000. Park Avenue Securities LLC purchased a new position in Goldman Sachs S&P 500 Core Premium Income ETF during the 4th quarter worth $249,000. Cornerstone Wealth Management LLC acquired a new position in Goldman Sachs S&P 500 Core Premium Income ETF in the fourth quarter valued at $277,000. Finally, Synergy Financial Group LTD purchased a new stake in shares of Goldman Sachs S&P 500 Core Premium Income ETF in the third quarter valued at about $291,000.

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

Shares of GPIX stock opened at $46.44 on Wednesday. The stock’s 50-day moving average is $48.82 and its two-hundred day moving average is $49.30. Goldman Sachs S&P 500 Core Premium Income ETF has a 1 year low of $44.06 and a 1 year high of $50.84. The firm has a market cap of $404.03 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 company also recently declared a monthly dividend, which will be paid on Monday, April 7th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.3268 per share. The ex-dividend date is Tuesday, April 1st. This represents a $3.92 dividend on an annualized basis and a yield of 8.44%.

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.