Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Shares Shorted: Short Interest Down 82.0% in September

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 150,269 shares, a decline of 82.0% from the August 31st total of 836,719 shares. Based on an average daily trading volume, of 1,270,061 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Goldman Sachs Nasdaq 100 Core Premium Income ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 31.3% in the second quarter. Envestnet Asset Management Inc. now owns 212,391 shares of the company’s stock worth $12,597,000 after buying an additional 50,680 shares in the last quarter. Cahill Financial Advisors Inc. bought a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the second quarter worth $212,000. Capital Analysts LLC lifted its position in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 106.2% during the second quarter. Capital Analysts LLC now owns 54,840 shares of the company’s stock valued at $3,252,000 after buying an additional 28,239 shares during the period. NewEdge Advisors LLC lifted its position in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 183.2% during the second quarter. NewEdge Advisors LLC now owns 75,821 shares of the company’s stock valued at $4,497,000 after buying an additional 49,048 shares during the period. Finally, Allworth Financial LP bought a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 2nd quarter valued at $106,000.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Stock Performance

Shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF stock traded up $0.19 during midday trading on Friday, reaching $58.22. 1,434,576 shares of the company’s stock traded hands, compared to its average volume of 1,275,863. The stock has a 50 day moving average of $56.56 and a 200-day moving average of $55.73. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a 12 month low of $47.72 and a 12 month high of $59.83. The company has a market cap of $5.99 billion, a PE ratio of 33.26 and a beta of 1.05.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.4968 per share. This represents a $5.96 dividend on an annualized basis and a yield of 10.2%. The ex-dividend date of this dividend was Tuesday, September 1st.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Company Profile

The Goldman Sachs Nasdaq 100 Core Premium Income ETF (GPIQ) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed ETF that primarily involves stocks within the Nasdaq-100. Combining equity investments with a call strategy, the fund seeks to generate stable income while offering potential for capital growth GPIQ was launched on Oct 24, 2023 and is issued by Goldman Sachs.