Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Short Interest Up 213.4% in July

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

Goldman Sachs Nasdaq 100 Core Premium Income ETF Trading Up 0.8%

GPIQ traded up $0.47 during mid-day trading on Thursday, hitting $57.74. 1,015,933 shares of the stock were exchanged, compared to its average volume of 1,252,574. The firm’s fifty day moving average is $57.20 and its two-hundred day moving average is $54.70. The company has a market cap of $5.30 billion, a PE ratio of 33.26 and a beta of 1.04. 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 Cuts Dividend

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

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. Fifth Third Bancorp purchased a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the fourth quarter worth approximately $28,000. Gilpin Wealth Management LLC acquired a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 4th quarter worth $32,000. PNC Financial Services Group Inc. grew its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 131.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 660 shares of the company’s stock valued at $35,000 after purchasing an additional 375 shares in the last quarter. Camelot Portfolios LLC bought a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 4th quarter worth about $49,000. Finally, Private Wealth Asset Management LLC bought a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 4th quarter worth approximately $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.