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

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 134,235 shares, a decrease of 24.7% from the November 30th total of 178,280 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 831,308 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 831,308 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.4% of the company’s stock are short sold.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Stock Down 0.7%

Shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF stock traded down $0.35 on Wednesday, reaching $52.87. The company’s stock had a trading volume of 1,337,642 shares, compared to its average volume of 491,487. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a 52 week low of $38.13 and a 52 week high of $54.63. The firm’s fifty day simple moving average is $52.96 and its two-hundred day simple moving average is $51.51. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 33.26 and a beta of 0.95.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, December 5th. Investors of record on Monday, December 1st were issued a $0.4652 dividend. This represents a c) annualized dividend and a yield of 10.6%. The ex-dividend date was Monday, December 1st.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. PMG Family Office LLC purchased a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 3rd quarter valued at about $506,000. Centaurus Financial Inc. raised its holdings in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 16.7% during the third quarter. Centaurus Financial Inc. now owns 3,500 shares of the company’s stock valued at $184,000 after purchasing an additional 500 shares during the last quarter. Sunbelt Securities Inc. bought a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the third quarter valued at approximately $1,100,000. Advisory Services Network LLC purchased a new stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the third quarter worth approximately $104,000. Finally, Kestra Private Wealth Services LLC grew its position in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 251.1% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 29,882 shares of the company’s stock worth $1,568,000 after purchasing an additional 21,370 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.