Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) Short Interest Ratio & Short Volume

Short interest is the volume of Goldman Sachs S&P 500 Core Premium Income ETF shares that have been sold short but have not yet been covered or closed out. As of October 31st, traders have sold 62,200 shares of GPIX short. Learn More on Goldman Sachs S&P 500 Core Premium Income ETF's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. GPIX shares currently have a short interest ratio of 1.0. Learn More on Goldman Sachs S&P 500 Core Premium Income ETF's short interest ratio.

Goldman Sachs S&P 500 Core Premium Income ETF saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 62,200 shares, an increase of 115.2% from the previous total of 28,900 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to Goldman Sachs S&P 500 Core Premium Income ETF: Goldman Sachs Nasdaq 100 Core Premium Income ETF (0.69%), Nasdaq 100 Covered Call & Growth ETF (0.39%), Credit Suisse X-Links Gold Shares Covered Call ETN (0.15%), Credit Suisse X-Links Silver Shares Covered Call ETN (13.93%), Amplify Cash Flow High Income ETF (10.78%), NEOS Nasdaq 100 High Income ETF (0.37%), Global X Nasdaq 100 Covered Call ETF (0.51%), and JPMorgan Nasdaq Equity Premium Income ETF (0.38%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.08 billion), AppLovin Co. ($3.18 billion), Paychex, Inc. ($2.64 billion), Nu Holdings Ltd. ($2.54 billion), International Paper ($2.46 billion), Cencora, Inc. ($2.27 billion), Moderna, Inc. ($1.87 billion), SoFi Technologies, Inc. ($1.81 billion), Lululemon Athletica Inc. ($1.75 billion), and Onsemi ($1.71 billion). View all of the most shorted stocks.

Short selling GPIX is an investing strategy that aims to generate trading profit from Goldman Sachs S&P 500 Core Premium Income ETF as its price is falling. GPIX shares are trading up $0.15 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Goldman Sachs S&P 500 Core Premium Income ETF occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of GPIX, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including GPIX, twice per month. The most recent reporting period available is October, 31 2024.