Natixis Gateway Quality Income ETF (NYSEARCA:GQI) Stock Short Interest Climbs 64.4%

Natixis Gateway Quality Income ETF (NYSEARCA:GQI) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 50,987 shares, a growth of 64.4% from the September 30th total of 31,006 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 32,108 shares, the short-interest ratio is presently 1.6 days.

Natixis Gateway Quality Income ETF Trading Up 0.2%

NYSEARCA GQI traded up $0.09 during trading hours on Monday, hitting $60.01. 4,166 shares of the company’s stock were exchanged, compared to its average volume of 28,737. The firm has a market cap of $307.26 million, a price-to-earnings ratio of 26.77 and a beta of 0.71. The stock has a 50-day simple moving average of $60.58 and a 200 day simple moving average of $58.62. Natixis Gateway Quality Income ETF has a 1-year low of $53.47 and a 1-year high of $61.57.

Natixis Gateway Quality Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, November 3rd. Shareholders of record on Monday, November 2nd will be issued a $0.3629 dividend. This represents a $4.35 dividend on an annualized basis and a yield of 7.3%. This is a negative change from Natixis Gateway Quality Income ETF’s previous monthly dividend of $0.3775. The ex-dividend date is Monday, November 2nd.

Hedge Funds Weigh In On Natixis Gateway Quality Income ETF

A number of hedge funds and other institutional 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 worth $12,662,000 after buying an additional 4,301 shares during the last quarter. Three Magnolias Financial Advisors LLC grew its position in Natixis Gateway Quality Income ETF by 6.5% in the 3rd quarter. Three Magnolias Financial Advisors LLC now owns 130,371 shares of the company’s stock valued at $7,879,000 after acquiring an additional 8,008 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Natixis Gateway Quality Income ETF by 31.2% during the 1st quarter. Royal Bank of Canada now owns 67,735 shares of the company’s stock worth $3,715,000 after purchasing an additional 16,116 shares during the last quarter. Apollon Wealth Management LLC boosted its holdings in shares of Natixis Gateway Quality Income ETF by 17.5% in the third quarter. Apollon Wealth Management LLC now owns 58,454 shares of the company’s stock valued at $3,533,000 after acquiring an additional 8,691 shares during the period. Finally, Flagship Harbor Advisors LLC boosted its holdings in Natixis Gateway Quality Income ETF by 9.9% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 18,886 shares of the company’s stock valued at $1,141,000 after purchasing an additional 1,701 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.