Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Stock Short Interest Climbs 528.2%

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 943,971 shares, an increase of 528.2% from the September 15th total of 150,269 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 1,679,903 shares, the short-interest ratio is presently 0.6 days.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Price Performance

Shares of NASDAQ:GPIQ opened at $58.19 on Friday. The stock has a market cap of $6.33 billion, a P/E ratio of 33.26 and a beta of 1.03. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a 1-year low of $47.72 and a 1-year high of $59.83. The firm has a fifty day moving average price of $57.09 and a 200 day moving average price of $56.22.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, October 7th. Investors of record on Thursday, October 1st were given a $0.5088 dividend. This is a boost from Goldman Sachs Nasdaq 100 Core Premium Income ETF’s previous monthly dividend of $0.4968. The ex-dividend date was Thursday, October 1st. This represents a $6.11 annualized dividend and a yield of 10.5%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its holdings in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 1.2% during the first quarter. Bank of America Corp DE now owns 1,786,695 shares of the company’s stock worth $88,424,000 after acquiring an additional 21,762 shares during the period. Requisite Capital Management LLC boosted its position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 0.3% during the 2nd quarter. Requisite Capital Management LLC now owns 1,581,010 shares of the company’s stock worth $93,770,000 after purchasing an additional 4,822 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 24.5% during the 1st quarter. Royal Bank of Canada now owns 573,737 shares of the company’s stock worth $28,395,000 after purchasing an additional 112,957 shares during the period. American National Bank & Trust purchased a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 3rd quarter valued at about $14,414,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 31.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 212,391 shares of the company’s stock valued at $12,597,000 after purchasing an additional 50,680 shares in the last quarter.

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.