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

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) was the target of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 90,308 shares, a decline of 70.5% from the January 29th total of 306,341 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 1,087,589 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 1,087,589 shares, the short-interest ratio is currently 0.1 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

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

Goldman Sachs Nasdaq 100 Core Premium Income ETF Trading Up 1.2%

Shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF stock opened at $52.60 on Thursday. The company has a market cap of $2.88 billion, a P/E ratio of 33.26 and a beta of 0.95. The business has a 50-day moving average price of $52.68 and a two-hundred day moving average price of $52.32. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a 1-year low of $38.13 and a 1-year high of $54.63.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were given a dividend of $0.4655 per share. This is a positive change from Goldman Sachs Nasdaq 100 Core Premium Income ETF’s previous monthly dividend of $0.46. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 10.6%.

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.