Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Stock Short Interest Falls 60.1%

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 376,986 shares, a decrease of 60.1% from the September 30th total of 943,971 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 1,792,655 shares, the short-interest ratio is presently 0.2 days.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Trading Down 3.2%

GPIQ traded down $1.78 on Friday, hitting $54.29. 4,760,247 shares of the company’s stock traded hands, compared to its average volume of 1,356,821. The company’s 50 day simple moving average is $56.87 and its 200-day simple moving average is $55.24. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 33.26 and a beta of 1.03. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a one year low of $47.72 and a one year high of $59.83.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, October 7th. Stockholders of record on Thursday, October 1st were issued 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 dividend on an annualized basis and a dividend yield of 11.2%.

Institutional Trading of Goldman Sachs Nasdaq 100 Core Premium Income ETF

A number of institutional investors have recently bought and sold shares of the stock. Highland Investment Advisors LLC acquired a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the second quarter worth $36,000. Tsfg LLC acquired a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 2nd quarter worth $62,000. International Assets Investment Management LLC boosted its position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 38.1% in the 1st quarter. International Assets Investment Management LLC now owns 1,450 shares of the company’s stock worth $72,000 after purchasing an additional 400 shares in the last quarter. Allworth Financial LP acquired a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF in the 2nd quarter worth $106,000. Finally, Fifth Third Bancorp grew its stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF by 457.4% during the 1st quarter. Fifth Third Bancorp now owns 2,982 shares of the company’s stock worth $148,000 after buying an additional 2,447 shares during 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.