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

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

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC increased its stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 35.3% in the 4th quarter. LPL Financial LLC now owns 1,880,169 shares of the company’s stock worth $99,405,000 after acquiring an additional 490,625 shares in the last quarter. Bank of America Corp DE grew its holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 1.2% in the first quarter. Bank of America Corp DE now owns 1,786,695 shares of the company’s stock worth $88,424,000 after purchasing an additional 21,762 shares during the period. Requisite Capital Management LLC grew its holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 2.9% in the fourth quarter. Requisite Capital Management LLC now owns 1,558,394 shares of the company’s stock worth $82,392,000 after purchasing an additional 43,428 shares during the period. HighTower Advisors LLC grew its holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 16.5% in the fourth quarter. HighTower Advisors LLC now owns 1,057,006 shares of the company’s stock worth $55,884,000 after purchasing an additional 149,548 shares during the period. Finally, Cerity Partners LLC bought a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the fourth quarter valued at approximately $33,003,000.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Stock Down 1.1%

Shares of NASDAQ:GPIQ traded down $0.60 during trading on Friday, hitting $55.18. The stock had a trading volume of 1,526,983 shares, compared to its average volume of 1,217,415. 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 company has a market capitalization of $4.92 billion, a PE ratio of 33.26 and a beta of 1.02. The firm’s fifty day moving average is $57.83 and its 200 day moving average is $54.40.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Cuts Dividend

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