Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP) Short Interest Down 91.0% in May

Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 354 shares, a drop of 91.0% from the May 14th total of 3,939 shares. Based on an average daily trading volume, of 392 shares, the short-interest ratio is currently 0.9 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LOPP. Gamco Investors INC. ET AL purchased a new position in shares of Gabelli Love Our Planet & People ETF in the 4th quarter worth $3,222,000. Gabelli Funds LLC boosted its stake in shares of Gabelli Love Our Planet & People ETF by 114.0% in the 1st quarter. Gabelli Funds LLC now owns 42,800 shares of the company’s stock worth $1,484,000 after buying an additional 22,800 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of Gabelli Love Our Planet & People ETF in the 4th quarter worth $202,000.

Gabelli Love Our Planet & People ETF Price Performance

LOPP stock traded up $0.92 on Thursday, reaching $37.66. 106 shares of the company traded hands, compared to its average volume of 1,869. Gabelli Love Our Planet & People ETF has a one year low of $27.94 and a one year high of $39.53. The company has a market cap of $15.06 million, a P/E ratio of 18.65 and a beta of 0.95. The firm has a fifty day simple moving average of $37.05 and a 200-day simple moving average of $35.54.

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.