Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Shares Shorted: Short Interest Up 528.2% in September

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 943,971 shares, a growth of 528.2% from the September 15th total of 150,269 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average trading volume of 1,679,903 shares, the days-to-cover ratio is currently 0.6 days.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Price Performance

NASDAQ GPIQ opened at $58.19 on Friday. The business has a 50 day moving average price of $57.09 and a 200 day moving average price of $56.22. The company has a market capitalization of $6.33 billion, a P/E ratio of 33.26 and a beta of 1.03. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a 1-year low of $47.72 and a 1-year high of $59.83.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Thursday, October 1st were paid a dividend of $0.5088 per share. This is a boost from Goldman Sachs Nasdaq 100 Core Premium Income ETF’s previous monthly dividend of $0.4968. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $6.11 annualized dividend and a dividend yield of 10.5%.

Hedge Funds Weigh In On Goldman Sachs Nasdaq 100 Core Premium Income ETF

Several hedge funds have recently added to or reduced their stakes in GPIQ. Highland Investment Advisors LLC purchased a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF in the second quarter valued at about $36,000. Tsfg LLC purchased a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 2nd quarter worth approximately $62,000. International Assets Investment Management LLC increased its stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 38.1% during the 1st quarter. International Assets Investment Management LLC now owns 1,450 shares of the company’s stock worth $72,000 after purchasing an additional 400 shares in the last quarter. Allworth Financial LP acquired a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 2nd quarter worth approximately $106,000. Finally, AdvisorNet Financial Inc raised its position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 551.4% during the 1st quarter. AdvisorNet Financial Inc now owns 2,280 shares of the company’s stock worth $113,000 after purchasing an additional 1,930 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.