Short Interest in Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Drops By 21.2%

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) saw a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 306,341 shares, a drop of 21.2% from the January 15th total of 388,939 shares. Based on an average daily volume of 1,128,643 shares, the short-interest ratio is presently 0.3 days. Approximately 0.6% of the shares of the stock are sold short. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 1,128,643 shares, the short-interest ratio is presently 0.3 days.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Price Performance

Shares of GPIQ stock traded up $0.11 on Friday, hitting $51.39. 858,371 shares of the company’s stock were exchanged, compared to its average volume of 1,136,800. The company has a 50 day moving average of $52.85 and a 200 day moving average of $52.23. The stock has a market cap of $2.82 billion, a P/E ratio of 33.26 and a beta of 0.95. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a 12 month low of $38.13 and a 12 month high of $54.63.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, February 2nd were paid a $0.4655 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date was Monday, February 2nd. This is an increase from Goldman Sachs Nasdaq 100 Core Premium Income ETF’s previous monthly dividend of $0.46.

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

A number of institutional investors have recently added to or reduced their stakes in GPIQ. Royal Bank of Canada grew its holdings in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 1,254.0% during the first quarter. Royal Bank of Canada now owns 15,368 shares of the company’s stock worth $685,000 after purchasing an additional 14,233 shares during the last quarter. Jane Street Group LLC bought a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 1st quarter valued at approximately $1,484,000. Stratos Wealth Partners LTD. boosted its position in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 260.4% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 20,181 shares of the company’s stock worth $1,005,000 after buying an additional 14,581 shares during the period. Balboa Wealth Partners grew its holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 3.1% during the 2nd quarter. Balboa Wealth Partners now owns 7,475 shares of the company’s stock worth $372,000 after acquiring an additional 225 shares during the last quarter. Finally, Prosperity Financial Group Inc. increased its position in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 8.1% in the 2nd quarter. Prosperity Financial Group Inc. now owns 17,031 shares of the company’s stock valued at $848,000 after acquiring an additional 1,280 shares during the period.

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.