GMO U.S. Quality ETF (NYSEARCA:QLTY – Get Free Report) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 213,293 shares, a decline of 78.2% from the June 30th total of 978,699 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 443,278 shares, the short-interest ratio is presently 0.5 days.
GMO U.S. Quality ETF Stock Performance
Shares of NYSEARCA:QLTY opened at $40.92 on Friday. GMO U.S. Quality ETF has a 1 year low of $33.56 and a 1 year high of $42.06. The stock has a market capitalization of $4.75 billion, a P/E ratio of 56.83 and a beta of 0.97. The stock has a 50-day simple moving average of $41.22 and a 200-day simple moving average of $39.53.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada grew its stake in GMO U.S. Quality ETF by 174.5% during the first quarter. Royal Bank of Canada now owns 1,268 shares of the company’s stock worth $45,000 after buying an additional 806 shares during the period. Sunbelt Securities Inc. raised its stake in shares of GMO U.S. Quality ETF by 3.8% in the 1st quarter. Sunbelt Securities Inc. now owns 6,765 shares of the company’s stock valued at $245,000 after acquiring an additional 250 shares during the period. Glenmede Trust Co. NA purchased a new position in shares of GMO U.S. Quality ETF in the 1st quarter valued at $485,000. Chemistry Wealth Management LLC lifted its holdings in shares of GMO U.S. Quality ETF by 22.9% during the 2nd quarter. Chemistry Wealth Management LLC now owns 12,018 shares of the company’s stock valued at $500,000 after acquiring an additional 2,239 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its holdings in shares of GMO U.S. Quality ETF by 77.5% during the 1st quarter. Kestra Advisory Services LLC now owns 14,908 shares of the company’s stock valued at $539,000 after acquiring an additional 6,510 shares in the last quarter. 85.37% of the stock is owned by institutional investors and hedge funds.
GMO U.S. Quality ETF Company Profile
The GMO U.S. Quality ETF (QLTY) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that focuses on equities of high-quality US companies. The funds investments may include companies of any market capitalization. QLTY was launched on Nov 13, 2023 and is issued by GMO.
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