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

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

Hedge Funds Weigh In On Goldman Sachs Nasdaq 100 Core Premium Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GPIQ. Triumph Capital Management grew its holdings in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 0.6% during the 3rd quarter. Triumph Capital Management now owns 30,761 shares of the company’s stock worth $1,784,000 after purchasing an additional 194 shares in the last quarter. CWA Asset Management Group LLC increased its position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 2.7% in the third quarter. CWA Asset Management Group LLC now owns 7,841 shares of the company’s stock worth $455,000 after purchasing an additional 204 shares during the period. Graney & King LLC increased its position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 1.1% in the first quarter. Graney & King LLC now owns 24,573 shares of the company’s stock worth $1,216,000 after purchasing an additional 275 shares during the period. Gilpin Wealth Management LLC increased its position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 12.1% in the third quarter. Gilpin Wealth Management LLC now owns 3,084 shares of the company’s stock worth $179,000 after purchasing an additional 334 shares during the period. Finally, Meadowbrook Wealth Management LLC raised its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 1.7% in the third quarter. Meadowbrook Wealth Management LLC now owns 21,787 shares of the company’s stock valued at $1,251,000 after purchasing an additional 373 shares in the last quarter.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Trading Up 0.5%

Shares of GPIQ stock opened at $56.80 on Thursday. The stock has a market cap of $6.44 billion, a P/E ratio of 33.26 and a beta of 1.03. The stock has a 50 day simple moving average of $56.93 and a 200 day simple moving average of $55.22. 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 business also recently disclosed a monthly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Thursday, October 1st were paid a dividend of $0.5088 per share. 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. This represents a $6.11 dividend on an annualized basis and a yield of 10.7%.

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.