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

Natixis Gateway Quality Income ETF (NYSEARCA:GQI) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 9,364 shares, a growth of 73.6% from the March 15th total of 5,394 shares. Based on an average daily volume of 23,697 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Three Magnolias Financial Advisors LLC grew its stake in Natixis Gateway Quality Income ETF by 12.2% in the 3rd quarter. Three Magnolias Financial Advisors LLC now owns 89,438 shares of the company’s stock worth $5,013,000 after acquiring an additional 9,700 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in Natixis Gateway Quality Income ETF in the 3rd quarter worth approximately $605,000. DAVENPORT & Co LLC grew its stake in Natixis Gateway Quality Income ETF by 27.1% in the 3rd quarter. DAVENPORT & Co LLC now owns 117,237 shares of the company’s stock worth $6,571,000 after acquiring an additional 24,992 shares during the period. Dakota Wealth Management purchased a new stake in Natixis Gateway Quality Income ETF in the 4th quarter worth approximately $6,771,000. Finally, Legacy Financial Advisors Inc. grew its stake in Natixis Gateway Quality Income ETF by 6.1% in the 3rd quarter. Legacy Financial Advisors Inc. now owns 361,433 shares of the company’s stock worth $20,258,000 after acquiring an additional 20,671 shares during the period.

Natixis Gateway Quality Income ETF Stock Up 0.1%

Shares of Natixis Gateway Quality Income ETF stock traded up $0.03 during trading on Monday, hitting $56.20. 3,183 shares of the company were exchanged, compared to its average volume of 28,716. Natixis Gateway Quality Income ETF has a fifty-two week low of $47.48 and a fifty-two week high of $58.65. The stock has a market capitalization of $186.02 million, a price-to-earnings ratio of 26.77 and a beta of 0.78. The firm has a 50 day moving average price of $56.43 and a 200 day moving average price of $56.61.

Natixis Gateway Quality Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, March 3rd. Investors of record on Monday, March 2nd were given a dividend of $0.4179 per share. This represents a c) annualized dividend and a dividend yield of 8.9%. The ex-dividend date was Monday, March 2nd.

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.