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

Natixis Gateway Quality Income ETF (NYSEARCA:GQI) saw a large 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. Based on an average daily volume of 17,475 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 17,475 shares, the short-interest ratio is presently 0.3 days.

Natixis Gateway Quality Income ETF Stock Up 0.3%

GQI stock traded up $0.17 during midday trading on Wednesday, reaching $55.38. 22,015 shares of the company’s stock traded hands, compared to its average volume of 30,169. The company has a market cap of $174.45 million, a price-to-earnings ratio of 26.77 and a beta of 0.79. The firm’s fifty day moving average price is $57.16 and its 200-day moving average price is $56.65. Natixis Gateway Quality Income ETF has a 52 week low of $44.86 and a 52 week high of $58.65.

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 dividend of $0.4179 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date was Monday, March 2nd.

Institutional Investors Weigh In On Natixis Gateway Quality Income ETF

A number of institutional investors and hedge funds have recently made changes to their positions in GQI. Horizon Wealth Management LLC bought a new position in Natixis Gateway Quality Income ETF in the 4th quarter valued at about $49,205,000. LPL Financial LLC increased its holdings 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 purchasing an additional 45,483 shares in the last quarter. Legacy Financial Advisors Inc. raised its stake in shares of Natixis Gateway Quality Income ETF by 6.1% in the third quarter. Legacy Financial Advisors Inc. now owns 361,433 shares of the company’s stock worth $20,258,000 after purchasing an additional 20,671 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Natixis Gateway Quality Income ETF by 1.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 144,716 shares of the company’s stock worth $8,038,000 after purchasing an additional 2,758 shares during the last quarter. Finally, DAVENPORT & Co LLC lifted its holdings 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 valued at $7,534,000 after purchasing an additional 14,786 shares in the last quarter.

About Natixis Gateway Quality Income ETF

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.