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

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) was the recipient of a large decrease in short interest in November. As of November 30th, there was short interest totalling 44,700 shares, a decrease of 7.6% from the November 15th total of 48,400 shares. Based on an average daily trading volume, of 68,800 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Goldman Sachs Nasdaq 100 Core Premium Income ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Great Valley Advisor Group Inc. purchased a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 3rd quarter valued at about $230,000. Avaii Wealth Management LLC purchased a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the third quarter worth about $271,000. Castle Rock Wealth Management LLC acquired a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF in the third quarter valued at approximately $282,000. Synergy Financial Group LTD purchased a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the third quarter valued at approximately $322,000. Finally, M Holdings Securities Inc. boosted its position in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 142.1% during the third quarter. M Holdings Securities Inc. now owns 16,266 shares of the company’s stock worth $780,000 after acquiring an additional 9,546 shares during the last quarter.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Stock Performance

Shares of NASDAQ:GPIQ opened at $50.54 on Wednesday. The business’s fifty day moving average price is $48.80 and its two-hundred day moving average price is $47.62. The stock has a market cap of $252.70 million, a PE ratio of 30.31 and a beta of 1.02. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a one year low of $42.01 and a one year high of $50.80.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 9th. Investors of record on Tuesday, December 3rd were paid a dividend of $0.4308 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $5.17 dividend on an annualized basis and a dividend yield of 10.23%. This is a positive change from Goldman Sachs Nasdaq 100 Core Premium Income ETF’s previous monthly dividend of $0.41.

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.