Short Interest in Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Decreases By 7.6%

Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) was the target of a significant decline in short interest in November. As of November 30th, there was short interest totalling 44,700 shares, a decline of 7.6% from the November 15th total of 48,400 shares. Based on an average trading volume of 68,800 shares, the short-interest ratio is presently 0.6 days.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Stock Down 0.4 %

Shares of NASDAQ:GPIQ opened at $50.54 on Wednesday. The company has a market cap of $252.70 million, a price-to-earnings ratio of 30.31 and a beta of 1.02. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a fifty-two week low of $42.01 and a fifty-two week high of $50.80. The firm’s 50-day simple moving average is $48.80 and its 200-day simple moving average is $47.62.

Goldman Sachs Nasdaq 100 Core Premium Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 9th. Shareholders of record on Tuesday, December 3rd were given a dividend of $0.4308 per share. This is a boost from Goldman Sachs Nasdaq 100 Core Premium Income ETF’s previous monthly dividend of $0.41. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $5.17 annualized dividend and a yield of 10.23%.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Great Valley Advisor Group Inc. purchased a new stake in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF in the third quarter valued at approximately $230,000. Avaii Wealth Management LLC acquired a new stake in Goldman Sachs Nasdaq 100 Core Premium Income ETF in the third quarter valued at $271,000. Castle Rock Wealth Management LLC acquired a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 3rd quarter worth $282,000. Synergy Financial Group LTD acquired a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the 3rd quarter worth $322,000. Finally, M Holdings Securities Inc. increased its holdings in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 142.1% in the 3rd quarter. M Holdings Securities Inc. now owns 16,266 shares of the company’s stock valued at $780,000 after purchasing an additional 9,546 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.