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

Natixis Gateway Quality Income ETF (NYSEARCA:GQI) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 36,391 shares, an increase of 127.4% from the August 15th total of 16,004 shares. Based on an average trading volume of 21,184 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.8% of the company’s stock are sold short.

Natixis Gateway Quality Income ETF Stock Down 0.3%

GQI stock opened at $59.84 on Wednesday. The business has a 50 day moving average price of $59.90 and a 200 day moving average price of $58.33. The stock has a market cap of $266.89 million, a price-to-earnings ratio of 26.77 and a beta of 0.72. Natixis Gateway Quality Income ETF has a fifty-two week low of $53.47 and a fifty-two week high of $60.88.

Natixis Gateway Quality Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, August 4th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.5233 per share. The ex-dividend date of this dividend was Monday, August 3rd. This is an increase from Natixis Gateway Quality Income ETF’s previous monthly dividend of $0.33. This represents a c) dividend on an annualized basis and a yield of 10.5%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Legacy Financial Advisors Inc. grew its position in shares of Natixis Gateway Quality Income ETF by 2.1% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 214,000 shares of the company’s stock valued at $12,662,000 after buying an additional 4,301 shares during the last quarter. Three Magnolias Financial Advisors LLC boosted its stake in Natixis Gateway Quality Income ETF by 3.8% in the first quarter. Three Magnolias Financial Advisors LLC now owns 93,934 shares of the company’s stock valued at $5,152,000 after acquiring an additional 3,431 shares in the last quarter. Royal Bank of Canada boosted its stake in Natixis Gateway Quality Income ETF by 31.2% in the first quarter. Royal Bank of Canada now owns 67,735 shares of the company’s stock valued at $3,715,000 after acquiring an additional 16,116 shares in the last quarter. COFG Advisors LLC purchased a new position in shares of Natixis Gateway Quality Income ETF during the fourth quarter worth about $638,000. Finally, Greenwood Capital Associates LLC purchased a new position in shares of Natixis Gateway Quality Income ETF during the first quarter worth about $524,000.

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.