GMO U.S. Value ETF (NYSEARCA:GMOV) Shares Shorted: Short Interest Up 693.4% in September

by · The Markets Daily

GMO U.S. Value ETF (NYSEARCA:GMOV – Get Free Report) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 3,840 shares, a growth of 693.4% from the September 15th total of 484 shares. Based on an average trading volume of 10,458 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

GMO U.S. Value ETF Trading Down 0.1%

NYSEARCA GMOV traded down $0.02 during trading hours on Friday, hitting $31.95. The company’s stock had a trading volume of 2,450 shares, compared to its average volume of 15,813. GMO U.S. Value ETF has a 52 week low of $25.66 and a 52 week high of $33.47. The company has a market capitalization of $95.85 million, a PE ratio of 12.08 and a beta of 0.65. The company’s 50-day simple moving average is $32.39 and its two-hundred day simple moving average is $30.72.

GMO U.S. Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.1678 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.67 dividend on an annualized basis and a yield of 2.1%. This is an increase from GMO U.S. Value ETF’s previous quarterly dividend of $0.1283.

Institutional Trading of GMO U.S. Value ETF

Several institutional investors and hedge funds have recently modified their holdings of GMOV. Essential Partners LLC boosted its position in shares of GMO U.S. Value ETF by 8.6% during the first quarter. Essential Partners LLC now owns 60,238 shares of the company’s stock valued at $1,692,000 after buying an additional 4,774 shares during the last quarter. Kestra Private Wealth Services LLC purchased a new stake in GMO U.S. Value ETF in the 1st quarter valued at $333,000. Pathway Financial Advisors LLC purchased a new stake in GMO U.S. Value ETF in the 2nd quarter valued at $246,000. Finally, Fifth Third Bancorp bought a new position in GMO U.S. Value ETF during the 1st quarter valued at $84,000.

About GMO U.S. Value ETF

(Get Free Report)

The GMO US Value ETF (GMOV) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing primarily in US equity securities. The fund seeks to identify undervalued US stocks using proprietary quantitative methods, capitalizing on perceived market dislocations GMOV was launched on Oct 28, 2024 and is issued by GMO.

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