Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Short Interest Up 213.4% in July

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 612,317 shares, a growth of 213.4% from the July 15th total of 195,397 shares. Based on an average daily trading volume, of 1,552,544 shares, the short-interest ratio is presently 0.4 days. Approximately 0.7% of the shares of the stock are sold short.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada raised its position in 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 valued at $685,000 after purchasing an additional 14,233 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the first quarter worth about $1,484,000. Raymond James Financial Inc. purchased a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF in the second quarter worth $1,773,000. Vienna Asset Management LLC purchased a new position in Goldman Sachs Nasdaq 100 Core Premium Income ETF during the second quarter valued at $232,000. Finally, Bank of America Corp DE bought a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 2nd quarter valued at about $43,932,000.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Stock Up 0.8%

Shares of GPIQ traded up $0.47 during midday trading on Thursday, reaching $57.74. 1,015,933 shares of the stock were exchanged, compared to its average volume of 1,252,574. The company has a market cap of $5.30 billion, a price-to-earnings ratio of 33.26 and a beta of 1.04. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a 12-month low of $47.72 and a 12-month high of $59.83. The firm has a 50 day simple moving average of $57.20 and a 200-day simple moving average of $54.70.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 7th. Investors of record on Monday, August 3rd were given a dividend of $0.4862 per share. The ex-dividend date was Monday, August 3rd. This represents a c) annualized dividend and a yield of 10.1%.

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.