GMO U.S. Quality ETF (NYSEARCA:QLTY) Sees Significant Decrease in Short Interest

GMO U.S. Quality ETF (NYSEARCA:QLTYGet Free Report) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 50,318 shares, a decline of 72.5% from the August 15th total of 183,156 shares. Based on an average daily volume of 436,028 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On GMO U.S. Quality ETF

Several institutional investors have recently bought and sold shares of QLTY. Sunbelt Securities Inc. lifted its position in shares of GMO U.S. Quality ETF by 3.8% in the first quarter. Sunbelt Securities Inc. now owns 6,765 shares of the company’s stock worth $245,000 after buying an additional 250 shares in the last quarter. KFG Wealth Management LLC grew its holdings in GMO U.S. Quality ETF by 3.3% during the 2nd quarter. KFG Wealth Management LLC now owns 10,607 shares of the company’s stock valued at $441,000 after buying an additional 342 shares in the last quarter. Royal Bank of Canada grew its holdings in GMO U.S. Quality ETF by 174.5% during the 1st quarter. Royal Bank of Canada now owns 1,268 shares of the company’s stock valued at $45,000 after buying an additional 806 shares in the last quarter. Aspen Investment Management Inc increased its stake in GMO U.S. Quality ETF by 4.6% in the 1st quarter. Aspen Investment Management Inc now owns 27,800 shares of the company’s stock worth $1,006,000 after acquiring an additional 1,210 shares during the last quarter. Finally, Arete Wealth Advisors LLC increased its stake in GMO U.S. Quality ETF by 4.6% in the 1st quarter. Arete Wealth Advisors LLC now owns 40,475 shares of the company’s stock worth $1,465,000 after acquiring an additional 1,785 shares during the last quarter. 85.37% of the stock is owned by hedge funds and other institutional investors.

GMO U.S. Quality ETF Trading Up 0.4%

GMO U.S. Quality ETF stock traded up $0.19 during mid-day trading on Monday, hitting $42.78. The stock had a trading volume of 284,949 shares, compared to its average volume of 552,279. The firm’s 50 day moving average is $42.36 and its 200 day moving average is $40.40. The firm has a market capitalization of $4.97 billion, a P/E ratio of 59.42 and a beta of 0.97. GMO U.S. Quality ETF has a one year low of $35.15 and a one year high of $43.70.

GMO U.S. Quality ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were given a dividend of $0.0754 per share. The ex-dividend date was Tuesday, June 30th. This is an increase from GMO U.S. Quality ETF’s previous quarterly dividend of $0.06. This represents a $0.30 annualized dividend and a dividend yield of 0.7%. GMO U.S. Quality ETF’s dividend payout ratio (DPR) is 40.28%.

About GMO U.S. Quality ETF

(Get Free Report)

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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