Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Short Interest Down 75.0% in July

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 195,397 shares, a decrease of 75.0% from the June 30th total of 780,345 shares. Based on an average trading volume of 1,304,731 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Fifth Third Bancorp bought a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the fourth quarter valued at approximately $28,000. Gilpin Wealth Management LLC bought a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 4th quarter worth approximately $32,000. PNC Financial Services Group Inc. boosted its holdings 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 acquiring an additional 375 shares during the period. Camelot Portfolios LLC purchased a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 4th quarter valued at $49,000. Finally, Private Wealth Asset Management LLC bought a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 4th quarter valued at $55,000.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Price Performance

Shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF stock traded down $0.15 during trading on Monday, hitting $55.03. The stock had a trading volume of 2,196,181 shares, compared to its average volume of 1,224,388. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a 12 month low of $47.72 and a 12 month high of $59.83. The firm’s fifty day simple moving average is $57.83 and its 200-day simple moving average is $54.41. The stock has a market cap of $4.91 billion, a PE ratio of 33.26 and a beta of 1.02.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, July 1st were given a $0.5191 dividend. This represents a c) dividend on an annualized basis and a yield of 11.3%. The ex-dividend date of this dividend was Wednesday, July 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.