Goldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ) Sees Significant Decline in Short Interest
by Kim Johansen · The Markets DailyGoldman Sachs Nasdaq 100 Core Premium Income ETF (NASDAQ:GPIQ – Get Free Report) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 213,533 shares, a decline of 24.4% from the March 15th total of 282,509 shares. Based on an average daily trading volume, of 1,049,495 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the company’s shares are short sold.
Goldman Sachs Nasdaq 100 Core Premium Income ETF Stock Up 0.4%
GPIQ traded up $0.20 during trading on Thursday, hitting $53.47. The company’s stock had a trading volume of 1,107,342 shares, compared to its average volume of 1,053,044. Goldman Sachs Nasdaq 100 Core Premium Income ETF has a twelve month low of $40.55 and a twelve month high of $54.63. The stock’s fifty day moving average price is $51.13 and its 200-day moving average price is $52.24. The firm has a market capitalization of $3.43 billion, a P/E ratio of 33.26 and a beta of 0.95.
Goldman Sachs Nasdaq 100 Core Premium Income ETF Cuts Dividend
The firm also recently declared a monthly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Wednesday, April 1st were paid a $0.4319 dividend. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a c) annualized dividend and a yield of 9.7%.
Hedge Funds Weigh In On Goldman Sachs Nasdaq 100 Core Premium Income ETF
Institutional investors have recently modified their holdings of the company. Fifth Third Bancorp acquired a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the fourth quarter worth approximately $28,000. Gilpin Wealth Management LLC acquired a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the fourth quarter worth approximately $32,000. PNC Financial Services Group Inc. raised its position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF by 131.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 660 shares of the company’s stock worth $35,000 after purchasing an additional 375 shares during the period. Camelot Portfolios LLC acquired a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the fourth quarter worth approximately $49,000. Finally, Private Wealth Asset Management LLC acquired a new position in shares of Goldman Sachs Nasdaq 100 Core Premium Income ETF during the fourth quarter worth approximately $55,000.
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.