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

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 612,317 shares, a growth of 213.4% from the July 15th total of 195,397 shares. Based on an average trading volume of 1,552,544 shares, the short-interest ratio is presently 0.4 days. Approximately 0.7% of the shares of the stock are sold short.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Graney & King LLC boosted its position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 1.1% in the first quarter. Graney & King LLC now owns 24,573 shares of the company’s stock worth $1,216,000 after buying an additional 275 shares during the period. Nations Financial Group Inc. IA ADV grew its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 1.7% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 18,336 shares of the company’s stock valued at $907,000 after acquiring an additional 306 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 2.9% in the 4th quarter. Sanctuary Advisors LLC now owns 11,536 shares of the company’s stock valued at $610,000 after purchasing an additional 329 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 131.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 660 shares of the company’s stock worth $35,000 after purchasing an additional 375 shares during the period. Finally, International Assets Investment Management LLC grew its position in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 38.1% during the first quarter. International Assets Investment Management LLC now owns 1,450 shares of the company’s stock valued at $72,000 after purchasing an additional 400 shares in the last quarter.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Trading Down 0.3%

Shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF stock traded down $0.17 on Friday, reaching $57.55. 815,471 shares of the company were exchanged, compared to its average volume of 1,252,134. The stock has a fifty day moving average price of $57.17 and a 200-day moving average price of $54.73. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of 33.26 and a beta of 1.04. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a fifty-two week low of $47.72 and a fifty-two week high of $59.83.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, August 7th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.4862 per share. This represents a c) annualized dividend and a yield of 10.1%. The ex-dividend date was Monday, August 3rd.

About Goldman Sachs Nasdaq 100 Core Premium Income ETF

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.