GMO International Quality ETF (NYSEARCA:QLTI – Get Free Report) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 5,735 shares, a growth of 333.2% from the May 31st total of 1,324 shares. Based on an average trading volume of 11,633 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the company’s stock are sold short.
GMO International Quality ETF Trading Up 0.1%
NYSEARCA:QLTI traded up $0.03 during midday trading on Friday, reaching $26.74. The company had a trading volume of 35,430 shares, compared to its average volume of 31,923. GMO International Quality ETF has a 12-month low of $24.21 and a 12-month high of $28.15. The firm has a market capitalization of $288.79 million, a price-to-earnings ratio of -39.32 and a beta of 0.53. The stock’s fifty day simple moving average is $26.30 and its 200-day simple moving average is $26.49.
Hedge Funds Weigh In On GMO International Quality ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC increased its stake in shares of GMO International Quality ETF by 143.2% during the fourth quarter. Lazard Asset Management LLC now owns 1,523,733 shares of the company’s stock worth $40,531,000 after buying an additional 897,193 shares during the period. Perigon Wealth Management LLC lifted its stake in GMO International Quality ETF by 24.4% in the fourth quarter. Perigon Wealth Management LLC now owns 178,446 shares of the company’s stock worth $4,747,000 after acquiring an additional 34,995 shares during the last quarter. Caprock Group LLC lifted its stake in GMO International Quality ETF by 0.5% in the fourth quarter. Caprock Group LLC now owns 80,549 shares of the company’s stock worth $2,143,000 after acquiring an additional 424 shares during the last quarter. Moneta Group Investment Advisors LLC acquired a new position in GMO International Quality ETF during the 4th quarter worth approximately $1,221,000. Finally, RPS Advisory Solutions LLC acquired a new position in GMO International Quality ETF during the 4th quarter worth approximately $425,000. 61.01% of the stock is owned by institutional investors and hedge funds.
About GMO International Quality ETF
The GMO International Quality ETF (QLTI) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing in non-US equities that the adviser deems to be high quality. The fund focuses on companies with strong cash flows, targeting investments with high return potential. QLTI was launched on Oct 28, 2024 and is issued by GMO.
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