Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Shares Shorted: Short Interest Down 60.1% in October

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 376,986 shares, a drop of 60.1% from the September 30th total of 943,971 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 1,792,655 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Goldman Sachs Nasdaq 100 Core Premium Income ETF

Several large investors have recently made changes to their positions in the business. American National Bank & Trust bought a new stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 3rd quarter valued at about $14,414,000. Markowski Investments bought a new stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 2nd quarter worth approximately $12,021,000. Royal Bank of Canada boosted its holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 24.5% in the 1st quarter. Royal Bank of Canada now owns 573,737 shares of the company’s stock valued at $28,395,000 after purchasing an additional 112,957 shares during the period. AlphaStar Capital Management LLC bought a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 3rd quarter valued at $6,357,000. Finally, Kestra Advisory Services LLC grew its position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 125.7% during the 1st quarter. Kestra Advisory Services LLC now owns 106,055 shares of the company’s stock valued at $5,249,000 after purchasing an additional 59,064 shares in the last quarter.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Stock Performance

Shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF stock traded down $1.78 on Friday, hitting $54.29. The company had a trading volume of 4,760,247 shares, compared to its average volume of 1,356,821. The stock has a market capitalization of $6.24 billion, a price-to-earnings ratio of 33.26 and a beta of 1.03. The stock has a 50 day moving average of $56.91 and a 200-day moving average of $55.23. 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 announced a monthly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Thursday, October 1st were issued a $0.5088 dividend. This is an increase from Goldman Sachs Nasdaq 100 Core Premium Income ETF’s previous monthly dividend of $0.4968. This represents a $6.11 annualized dividend and a dividend yield of 11.2%. The ex-dividend date was Thursday, October 1st.

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.