Short Interest in Natixis Gateway Quality Income ETF (NYSEARCA:GQI) Declines By 76.7%

Natixis Gateway Quality Income ETF (NYSEARCA:GQI) was the target of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 2,111 shares, a drop of 76.7% from the February 12th total of 9,045 shares. Based on an average daily trading volume, of 10,187 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 10,187 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GQI. Horizon Wealth Management LLC bought a new position in Natixis Gateway Quality Income ETF in the fourth quarter valued at $49,205,000. LPL Financial LLC lifted its position in Natixis Gateway Quality Income ETF by 12.7% during the 4th quarter. LPL Financial LLC now owns 402,817 shares of the company’s stock worth $22,987,000 after buying an additional 45,483 shares in the last quarter. Legacy Financial Advisors Inc. lifted its position in Natixis Gateway Quality Income ETF by 6.1% during the 3rd quarter. Legacy Financial Advisors Inc. now owns 361,433 shares of the company’s stock worth $20,258,000 after buying an additional 20,671 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Natixis Gateway Quality Income ETF by 1.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 144,716 shares of the company’s stock worth $8,038,000 after buying an additional 2,758 shares during the last quarter. Finally, DAVENPORT & Co LLC boosted its stake in shares of Natixis Gateway Quality Income ETF by 12.6% during the 4th quarter. DAVENPORT & Co LLC now owns 132,023 shares of the company’s stock worth $7,534,000 after buying an additional 14,786 shares during the last quarter.

Natixis Gateway Quality Income ETF Stock Performance

NYSEARCA GQI traded up $0.06 during trading on Tuesday, hitting $56.79. The stock had a trading volume of 12,239 shares, compared to its average volume of 32,577. Natixis Gateway Quality Income ETF has a 12 month low of $44.86 and a 12 month high of $58.65. The company’s 50-day moving average price is $57.49 and its two-hundred day moving average price is $56.56. The company has a market capitalization of $178.89 million, a PE ratio of 26.77 and a beta of 0.79.

Natixis Gateway Quality Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Monday, March 2nd were issued a $0.4179 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%.

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.