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

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

Goldman Sachs Nasdaq 100 Core Premium Income ETF Trading Down 0.1%

Shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF stock traded down $0.06 during mid-day trading on Friday, reaching $57.66. 956,368 shares of the stock were exchanged, compared to its average volume of 1,253,485. 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. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 33.26 and a beta of 1.04. The firm has a 50-day simple moving average of $57.19 and a 200 day simple moving average of $54.75.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Fifth Third Bancorp bought a new stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 4th quarter worth approximately $28,000. Gilpin Wealth Management LLC bought a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 4th quarter valued at $32,000. PNC Financial Services Group Inc. boosted its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 131.6% in 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 in the last quarter. Camelot Portfolios LLC acquired a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the fourth quarter worth $49,000. Finally, Private Wealth Asset Management LLC acquired a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the fourth quarter worth $55,000.

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.