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

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) saw a large growth in short interest during the month of 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. Based on an average daily volume of 1,679,903 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.9% of the company’s stock are sold short.

Institutional Trading of Goldman Sachs Nasdaq 100 Core Premium Income ETF

Several institutional investors have recently added to or reduced their stakes in GPIQ. Bank of America Corp DE boosted its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 1.2% during the 1st quarter. Bank of America Corp DE now owns 1,786,695 shares of the company’s stock valued at $88,424,000 after acquiring an additional 21,762 shares during the last quarter. Requisite Capital Management LLC increased its position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 0.3% in the 2nd quarter. Requisite Capital Management LLC now owns 1,581,010 shares of the company’s stock worth $93,770,000 after purchasing an additional 4,822 shares during the last quarter. Royal Bank of Canada raised its stake in shares of 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 in the last quarter. American National Bank & Trust acquired a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 3rd quarter valued at about $14,414,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 31.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 212,391 shares of the company’s stock valued at $12,597,000 after purchasing an additional 50,680 shares in the last quarter.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Stock Up 0.4%

Shares of GPIQ traded up $0.26 during trading on Friday, reaching $58.19. The company’s stock had a trading volume of 1,257,222 shares, compared to its average volume of 1,311,099. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 33.26 and a beta of 1.03. The company has a fifty day moving average of $57.09 and a two-hundred day moving average of $56.26. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a twelve month low of $47.72 and a twelve month high of $59.83.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Increases Dividend

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

Goldman Sachs Nasdaq 100 Core Premium Income ETF Company Profile

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.