Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Short Interest Up 287.2% in July

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 36,400 shares, an increase of 287.2% from the July 15th total of 9,400 shares. Based on an average trading volume of 79,500 shares, the short-interest ratio is currently 0.5 days.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Price Performance

Goldman Sachs Nasdaq 100 Core Premium Income ETF stock traded up $0.99 during trading hours on Tuesday, hitting $45.70. 25,658 shares of the stock traded hands, compared to its average volume of 48,985. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a 1 year low of $38.66 and a 1 year high of $49.81. The stock has a market capitalization of $164.52 million, a price-to-earnings ratio of 30.31 and a beta of 1.02. The firm’s 50 day moving average price is $47.16 and its 200-day moving average price is $46.25.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, August 8th. Investors of record on Friday, August 2nd were issued a $0.4096 dividend. The ex-dividend date was Friday, August 2nd. This represents a $4.92 annualized dividend and a yield of 10.76%.

Institutional Trading of Goldman Sachs Nasdaq 100 Core Premium Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of GPIQ. High Net Worth Advisory Group LLC lifted its holdings in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 16.7% in the 1st quarter. High Net Worth Advisory Group LLC now owns 7,000 shares of the company’s stock valued at $326,000 after buying an additional 1,000 shares during the period. Delta Investment Management LLC acquired a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the first quarter valued at approximately $424,000. Semus Wealth Partners LLC purchased a new stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 1st quarter worth approximately $480,000. XML Financial LLC acquired a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 1st quarter worth approximately $700,000. Finally, Private Advisor Group LLC purchased a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 2nd quarter valued at approximately $822,000.

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.