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) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 34,500 shares, a growth of 29.2% from the October 15th total of 26,700 shares. Based on an average daily trading volume, of 50,500 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC grew its stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 3.6% during the second quarter. Commonwealth Equity Services LLC now owns 217,456 shares of the company’s stock valued at $10,440,000 after acquiring an additional 7,629 shares in the last quarter. Private Advisor Group LLC acquired a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the second quarter worth about $822,000. Avaii Wealth Management LLC acquired a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the third quarter worth about $271,000. GGM Financials LLC acquired a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the second quarter worth about $10,418,000. Finally, Patten & Patten Inc. TN grew its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 97.5% in the third quarter. Patten & Patten Inc. TN now owns 102,384 shares of the company’s stock worth $4,909,000 after purchasing an additional 50,541 shares in the last quarter.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Trading Down 1.9 %

Shares of GPIQ opened at $48.12 on Friday. The firm has a market capitalization of $240.60 million, a P/E ratio of 30.31 and a beta of 1.02. The stock’s fifty day simple moving average is $47.70 and its 200 day simple moving average is $47.08. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a twelve month low of $41.85 and a twelve month high of $49.81.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 8th. Investors of record on Monday, November 4th were given a $0.4137 dividend. This represents a $4.96 annualized dividend and a dividend yield of 10.32%. The ex-dividend date was Monday, November 4th.

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.