Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Sees Large Drop in Short Interest

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 376,986 shares, a decline of 60.1% from the September 30th total of 943,971 shares. Based on an average trading volume of 1,792,655 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the shares of the company are sold short.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Trading Up 0.5%

GPIQ opened at $56.80 on Thursday. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a 1-year low of $47.72 and a 1-year high of $59.83. The stock’s fifty day simple moving average is $56.93 and its 200 day simple moving average is $55.22. The stock has a market cap of $6.44 billion, a PE ratio of 33.26 and a beta of 1.03.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Thursday, October 1st were issued a $0.5088 dividend. This is an increase from Goldman Sachs Nasdaq 100 Core Premium Income ETF’s previous monthly dividend of $0.4968. This represents a $6.11 annualized dividend and a dividend yield of 10.7%. The ex-dividend date was Thursday, October 1st.

Hedge Funds Weigh In On Goldman Sachs Nasdaq 100 Core Premium Income ETF

Large investors have recently modified their holdings of the stock. MGO One Seven LLC boosted its position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 3.3% in the third quarter. MGO One Seven LLC now owns 219,543 shares of the company’s stock valued at $12,729,000 after acquiring an additional 7,009 shares during the period. International Assets Investment Management LLC increased its position in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 1,438.5% during the third quarter. International Assets Investment Management LLC now owns 50,000 shares of the company’s stock worth $2,899,000 after acquiring an additional 46,750 shares during the period. Childress Capital Advisors LLC increased its position in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 21.2% during the third quarter. Childress Capital Advisors LLC now owns 87,839 shares of the company’s stock worth $5,093,000 after acquiring an additional 15,342 shares during the period. Garrison Bradford & Associates Inc. bought a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the third quarter worth about $1,692,000. Finally, MADDEN SECURITIES Corp acquired a new stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 3rd quarter worth about $174,000.

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.