Natixis Gateway Quality Income ETF (NYSEARCA:GQI) Sees Large Decrease in Short Interest

Natixis Gateway Quality Income ETF (NYSEARCA:GQI) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 28,267 shares, a drop of 35.4% from the May 14th total of 43,727 shares. Based on an average daily volume of 106,413 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.8% of the shares of the company are sold short.

Natixis Gateway Quality Income ETF Trading Down 1.1%

Shares of GQI opened at $58.38 on Thursday. Natixis Gateway Quality Income ETF has a 12 month low of $52.05 and a 12 month high of $59.60. The firm’s 50 day moving average is $58.03 and its 200-day moving average is $57.33. The stock has a market capitalization of $196.74 million, a PE ratio of 26.77 and a beta of 0.73.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. COFG Advisors LLC bought a new position in shares of Natixis Gateway Quality Income ETF in the fourth quarter worth $638,000. Flagship Harbor Advisors LLC increased its position in shares of Natixis Gateway Quality Income ETF by 84.4% in the fourth quarter. Flagship Harbor Advisors LLC now owns 19,914 shares of the company’s stock worth $1,136,000 after purchasing an additional 9,115 shares during the period. Horizon Wealth Management LLC bought a new position in shares of Natixis Gateway Quality Income ETF in the fourth quarter worth $49,205,000. DAVENPORT & Co LLC increased its position in shares of Natixis Gateway Quality Income ETF by 12.6% in the fourth quarter. DAVENPORT & Co LLC now owns 132,023 shares of the company’s stock worth $7,534,000 after purchasing an additional 14,786 shares during the period. Finally, Dakota Wealth Management bought a new position in shares of Natixis Gateway Quality Income ETF in the fourth quarter worth $6,771,000.

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.