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

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) saw a large decline in short interest in 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. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 1,270,061 shares, the days-to-cover ratio is presently 0.1 days.

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

NASDAQ:GPIQ traded up $0.19 during trading hours on Friday, reaching $58.22. 1,434,576 shares of the company were exchanged, compared to its average volume of 1,275,863. The firm 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 has a twelve month low of $47.72 and a twelve month high of $59.83. The stock’s 50-day moving average is $56.56 and its 200-day moving average is $55.73.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 31.3% in the 2nd 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 during the last quarter. Cahill Financial Advisors Inc. purchased a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF in the second quarter valued at approximately $212,000. Capital Analysts LLC boosted its stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 106.2% in the second quarter. Capital Analysts LLC now owns 54,840 shares of the company’s stock worth $3,252,000 after acquiring an additional 28,239 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 183.2% in the second quarter. NewEdge Advisors LLC now owns 75,821 shares of the company’s stock worth $4,497,000 after acquiring an additional 49,048 shares during the last quarter. Finally, Allworth Financial LP purchased a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the second quarter worth approximately $106,000.

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.