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

Genter Capital Taxable Quality Intermediate ETF (NYSEARCA:GENT – Get Free Report) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 62,224 shares, an increase of 1,440.6% from the September 30th total of 4,039 shares. Based on an average daily trading volume, of 37,086 shares, the short-interest ratio is currently 1.7 days. Approximately 0.6% of the company’s stock are sold short.

Genter Capital Taxable Quality Intermediate ETF Stock Up 0.3%

Shares of GENT stock traded up $0.03 during mid-day trading on Monday, reaching $10.04. 86,631 shares of the company’s stock traded hands, compared to its average volume of 34,530. The company’s 50-day moving average price is $10.02 and its 200-day moving average price is $10.23. The company has a market cap of $109.13 million, a P/E ratio of 20.49 and a beta of 0.07. Genter Capital Taxable Quality Intermediate ETF has a 12 month low of $9.85 and a 12 month high of $10.95.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Genter Capital Taxable Quality Intermediate ETF stock. Bank of New York Mellon Corp lifted its stake in Genter Capital Taxable Quality Intermediate ETF (NYSEARCA:GENT – Free Report) by 44.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 about 40.17% of Genter Capital Taxable Quality Intermediate ETF worth $37,032,000 as of its most recent filing with the Securities & Exchange Commission. 53.53% of the stock is owned by hedge funds and other institutional investors.

About Genter Capital Taxable Quality Intermediate ETF

(Get Free Report)

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.

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