GMO International Quality ETF (NYSEARCA:QLTI) Sees Significant Growth in Short Interest

by · The Cerbat Gem

GMO International Quality ETF (NYSEARCA:QLTI – Get Free Report) saw a large growth in short interest in April. As of April 30th, there was short interest totaling 15,609 shares, a growth of 669.3% from the April 15th total of 2,029 shares. Based on an average daily trading volume, of 12,500 shares, the short-interest ratio is presently 1.2 days. Currently, 0.1% of the company’s stock are sold short.

GMO International Quality ETF Trading Down 0.6%

Shares of NYSEARCA QLTI traded down $0.15 during midday trading on Tuesday, reaching $25.94. The company had a trading volume of 4,832 shares, compared to its average volume of 34,420. The business’s 50-day simple moving average is $25.83 and its 200 day simple moving average is $26.36. The stock has a market cap of $280.15 million, a P/E ratio of -38.15 and a beta of 0.54. GMO International Quality ETF has a 1 year low of $24.21 and a 1 year high of $28.15.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Perigon Wealth Management LLC raised its holdings in shares of 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 buying an additional 34,995 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of GMO International Quality ETF by 142.3% during the third quarter. JPMorgan Chase & Co. now owns 13,952 shares of the company’s stock worth $356,000 after purchasing an additional 8,193 shares during the period. RPS Advisory Solutions LLC acquired a new stake in shares of GMO International Quality ETF during the fourth quarter worth about $425,000. Lazard Asset Management LLC acquired a new stake in shares of GMO International Quality ETF during the second quarter worth about $7,095,000. Finally, Moneta Group Investment Advisors LLC acquired a new stake in shares of GMO International Quality ETF during the fourth quarter worth about $1,221,000. Hedge funds and other institutional investors own 61.01% of the company’s stock.

About GMO International Quality ETF

(Get Free Report)

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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