Short Interest in Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Grows By 386.7%

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 439,573 shares, a growth of 386.7% from the February 12th total of 90,308 shares. Based on an average daily volume of 851,324 shares, the short-interest ratio is presently 0.5 days. Currently, 0.8% of the shares of the stock are sold short. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 851,324 shares, the short-interest ratio is presently 0.5 days.

Institutional Trading of Goldman Sachs Nasdaq 100 Core Premium Income ETF

Large investors have recently bought and sold shares of the stock. Fifth Third Bancorp bought a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the fourth quarter valued at $28,000. Gilpin Wealth Management LLC bought a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 4th quarter worth about $32,000. PNC Financial Services Group Inc. grew its holdings in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 131.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 660 shares of the company’s stock worth $35,000 after purchasing an additional 375 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 2nd quarter worth about $49,000. Finally, Camelot Portfolios LLC bought a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 4th quarter valued at about $49,000.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Stock Performance

NASDAQ GPIQ traded down $0.01 during trading on Tuesday, reaching $51.59. 723,833 shares of the company traded hands, compared to its average volume of 1,081,107. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a 1-year low of $38.13 and a 1-year high of $54.63. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 33.26 and a beta of 0.95. The stock’s 50 day moving average price is $52.39 and its two-hundred day moving average price is $52.39.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were given a dividend of $0.4527 per share. This represents a c) annualized dividend and a dividend yield of 10.5%. The ex-dividend date was Monday, March 2nd.

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.