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

Genter Capital Taxable Quality Intermediate ETF (NYSEARCA:GENT) saw a large increase in short interest in the month of 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. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 37,086 shares, the days-to-cover ratio is presently 1.7 days.

Genter Capital Taxable Quality Intermediate ETF Stock Performance

GENT stock traded up $0.03 during trading on Monday, hitting $10.04. 86,631 shares of the company traded hands, compared to its average volume of 34,530. The firm has a market capitalization of $109.13 million, a PE ratio of 20.49 and a beta of 0.07. Genter Capital Taxable Quality Intermediate ETF has a 1 year low of $9.85 and a 1 year high of $10.95. The company has a 50-day moving average of $10.02 and a 200-day moving average of $10.23.

Institutional Investors Weigh In On Genter Capital Taxable Quality Intermediate ETF

A hedge fund recently raised its stake in Genter Capital Taxable Quality Intermediate ETF stock. Bank of New York Mellon Corp boosted its stake in Genter Capital Taxable Quality Intermediate ETF (NYSEARCA:GENT) by 44.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,607,556 shares of the company’s stock after buying an additional 1,105,927 shares during the period. Bank of New York Mellon Corp owned 40.17% of Genter Capital Taxable Quality Intermediate ETF worth $37,032,000 at the end of the most recent reporting period. 53.53% of the stock is currently owned by hedge funds and other institutional investors.

About Genter Capital Taxable Quality Intermediate ETF

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.