Genter Capital Taxable Quality Intermediate ETF (NYSEARCA:GENT) Sees Large Growth in Short Interest

Genter Capital Taxable Quality Intermediate ETF (NYSEARCA:GENT) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 8,891 shares, an increase of 466.7% from the April 30th total of 1,569 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 24,868 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Genter Capital Taxable Quality Intermediate ETF

An institutional investor recently raised its position in Genter Capital Taxable Quality Intermediate ETF stock. Bank of New York Mellon Corp increased its holdings in shares of Genter Capital Taxable Quality Intermediate ETF (NYSEARCA:GENT) by 44.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,607,556 shares of the company’s stock after purchasing an additional 1,105,927 shares during the quarter. Bank of New York Mellon Corp owned 40.17% of Genter Capital Taxable Quality Intermediate ETF worth $37,032,000 as of its most recent filing with the SEC. 53.53% of the stock is owned by hedge funds and other institutional investors.

Genter Capital Taxable Quality Intermediate ETF Stock Performance

GENT traded up $0.03 on Friday, reaching $10.26. 103,083 shares of the company’s stock were exchanged, compared to its average volume of 34,874. The company’s 50 day moving average is $10.28 and its 200-day moving average is $10.36. The company has a market cap of $92.13 million, a price-to-earnings ratio of 20.94 and a beta of 0.06. Genter Capital Taxable Quality Intermediate ETF has a twelve month low of $10.12 and a twelve month high of $10.95.

Genter Capital Taxable Quality Intermediate ETF Company Profile

The Genter Capital Taxable Quality Intermediate ETF (GENT) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed basket of taxable, intermediate-term fixed income instruments with investment grade rating. It seeks total return and current income from both US and foreign securities. GENT was launched on May 10, 2024 and is issued by Genter Capital.