Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP – Get Free Report) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 354 shares, a decline of 91.0% from the May 14th total of 3,939 shares. Based on an average trading volume of 392 shares, the short-interest ratio is currently 0.9 days. Currently, 0.1% of the company’s shares are sold short.
Institutional Trading of Gabelli Love Our Planet & People ETF
Several institutional investors and hedge funds have recently modified their holdings of LOPP. Gamco Investors INC. ET AL bought a new stake in shares of Gabelli Love Our Planet & People ETF during the fourth quarter valued at approximately $3,222,000. Gabelli Funds LLC increased its holdings in Gabelli Love Our Planet & People ETF by 114.0% during the first quarter. Gabelli Funds LLC now owns 42,800 shares of the company’s stock valued at $1,484,000 after buying an additional 22,800 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Gabelli Love Our Planet & People ETF during the fourth quarter valued at approximately $202,000.
Gabelli Love Our Planet & People ETF Trading Up 0.6%
Shares of Gabelli Love Our Planet & People ETF stock traded up $0.23 on Tuesday, hitting $37.68. 30 shares of the company traded hands, compared to its average volume of 1,901. The stock’s 50 day moving average price is $36.93 and its 200-day moving average price is $35.47. Gabelli Love Our Planet & People ETF has a 52 week low of $27.94 and a 52 week high of $39.53. The company has a market cap of $15.07 million, a PE ratio of 18.65 and a beta of 0.95.
Gabelli Love Our Planet & People ETF Company Profile
The Gabelli Love Our Planet & People ETF (LOPP) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively managed, non-transparent fund of US-listed companies selected by combining ESG with value-oriented investing. The fund utilizes the Precidian non-transparent model. LOPP was launched on Feb 1, 2021 and is managed by Gabelli.
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