Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Short Interest Down 24.7% in December

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 134,235 shares, a decline of 24.7% from the November 30th total of 178,280 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average trading volume of 831,308 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 831,308 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.4% of the company’s stock are short sold.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Price Performance

GPIQ stock traded down $0.09 during trading hours on Tuesday, reaching $53.24. 1,020,489 shares of the stock were exchanged, compared to its average volume of 487,751. The firm’s 50-day moving average is $52.95 and its 200-day moving average is $51.50. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a 12 month low of $38.13 and a 12 month high of $54.63. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 33.26 and a beta of 0.95.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, December 1st were paid a dividend of $0.4652 per share. This represents a c) annualized dividend and a dividend yield of 10.5%. The ex-dividend date of this dividend was Monday, December 1st.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GPIQ. Goldman Sachs Group Inc. increased its position in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 8.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,958,412 shares of the company’s stock worth $87,345,000 after buying an additional 152,942 shares during the period. Requisite Capital Management LLC acquired a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the second quarter valued at approximately $66,679,000. Bank of America Corp DE lifted its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 43.0% during the third quarter. Bank of America Corp DE now owns 1,260,829 shares of the company’s stock worth $66,143,000 after purchasing an additional 378,830 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 4.1% in the 3rd quarter. HighTower Advisors LLC now owns 907,458 shares of the company’s stock valued at $47,605,000 after purchasing an additional 35,653 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 375.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 594,072 shares of the company’s stock valued at $31,064,000 after purchasing an additional 469,088 shares during the last quarter.

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.