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

Genter Capital Taxable Quality Intermediate ETF (NYSEARCA:GENT) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 5,158 shares, a drop of 42.0% from the May 14th total of 8,891 shares. Based on an average daily volume of 35,075 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

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 lifted its position in shares of Genter Capital Taxable Quality Intermediate ETF (NYSEARCA:GENT) by 49.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,501,629 shares of the company’s stock after acquiring an additional 831,507 shares during the period. Bank of New York Mellon Corp owned approximately 31.99% of Genter Capital Taxable Quality Intermediate ETF worth $25,967,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 53.53% of the company’s stock.

Genter Capital Taxable Quality Intermediate ETF Stock Performance

GENT stock opened at $10.23 on Friday. The firm has a 50 day moving average price of $10.27 and a 200-day moving average price of $10.34. Genter Capital Taxable Quality Intermediate ETF has a 52-week low of $10.12 and a 52-week high of $10.95. The firm has a market capitalization of $91.87 million, a price-to-earnings ratio of 20.88 and a beta of 0.05.

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.