Natixis Gateway Quality Income ETF (NYSEARCA:GQI) Short Interest Up 155.5% in March

Natixis Gateway Quality Income ETF (NYSEARCA:GQI) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 5,394 shares, an increase of 155.5% from the February 26th total of 2,111 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 17,475 shares, the days-to-cover ratio is currently 0.3 days.

Natixis Gateway Quality Income ETF Price Performance

Shares of Natixis Gateway Quality Income ETF stock traded down $0.89 during trading on Friday, hitting $53.76. 26,324 shares of the company’s stock traded hands, compared to its average volume of 29,870. Natixis Gateway Quality Income ETF has a 1 year low of $44.86 and a 1 year high of $58.65. The business has a 50-day simple moving average of $56.97 and a 200-day simple moving average of $56.62. The stock has a market capitalization of $169.34 million, a P/E ratio of 26.77 and a beta of 0.79.

Natixis Gateway Quality Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Monday, March 2nd were issued a dividend of $0.4179 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Three Magnolias Financial Advisors LLC increased its stake in shares of Natixis Gateway Quality Income ETF by 12.2% in the 3rd quarter. Three Magnolias Financial Advisors LLC now owns 89,438 shares of the company’s stock worth $5,013,000 after purchasing an additional 9,700 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in Natixis Gateway Quality Income ETF during the third quarter valued at $605,000. Waterloo Capital L.P. bought a new stake in Natixis Gateway Quality Income ETF during the second quarter valued at about $520,000. DAVENPORT & Co LLC grew its holdings in Natixis Gateway Quality Income ETF by 27.1% during the third quarter. DAVENPORT & Co LLC now owns 117,237 shares of the company’s stock valued at $6,571,000 after purchasing an additional 24,992 shares during the period. Finally, Global Retirement Partners LLC purchased a new stake in Natixis Gateway Quality Income ETF in the second quarter worth about $2,681,000.

Natixis Gateway Quality Income ETF Company Profile

The Natixis Gateway Quality Income ETF (GQI) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, aiming for total returns by investing in US large- and mid-cap stocks deemed high-quality while enhancing income through ELNs. GQI was launched on Dec 13, 2023 and is issued by Natixis.