Short Interest in Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Grows By 386.7%

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 439,573 shares, a growth of 386.7% from the February 12th total of 90,308 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 851,324 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 851,324 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.8% of the shares of the stock are sold short.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Stock Performance

Shares of NASDAQ GPIQ traded down $0.01 during mid-day trading on Tuesday, hitting $51.59. 723,833 shares of the stock were exchanged, compared to its average volume of 1,081,107. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a twelve month low of $38.13 and a twelve month high of $54.63. The stock’s fifty day simple moving average is $52.39 and its two-hundred day simple moving average is $52.39. The company has a market cap of $2.83 billion, a P/E ratio of 33.26 and a beta of 0.95.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, March 6th. Investors of record on Monday, March 2nd were issued a dividend of $0.4527 per share. This represents a c) dividend on an annualized basis and a yield of 10.5%. The ex-dividend date of this dividend was Monday, March 2nd.

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

Several institutional investors have recently bought and sold shares of GPIQ. Fifth Third Bancorp acquired a new stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the fourth quarter worth about $28,000. Gilpin Wealth Management LLC acquired a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 4th quarter valued at about $32,000. PNC Financial Services Group Inc. boosted its stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 131.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 660 shares of the company’s stock valued at $35,000 after purchasing an additional 375 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 2nd quarter valued at about $49,000. Finally, Camelot Portfolios LLC acquired a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 4th quarter worth approximately $49,000.

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.