GMO International Value ETF (NYSEARCA:GMOI) Sees Large Increase in Short Interest

GMO International Value ETF (NYSEARCA:GMOI) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 157,049 shares, a growth of 293.3% from the May 14th total of 39,931 shares. Based on an average daily volume of 53,709 shares, the days-to-cover ratio is presently 2.9 days. Approximately 1.3% of the shares of the stock are sold short.

GMO International Value ETF Price Performance

Shares of GMOI stock traded up $0.18 during trading hours on Friday, hitting $38.39. The stock had a trading volume of 34,582 shares, compared to its average volume of 95,326. The stock’s 50-day moving average price is $37.63 and its two-hundred day moving average price is $36.00. The stock has a market capitalization of $453.00 million, a price-to-earnings ratio of 10.16 and a beta of 0.18. GMO International Value ETF has a one year low of $28.20 and a one year high of $38.53.

Institutional Trading of GMO International Value ETF

Hedge funds have recently made changes to their positions in the business. Signature Equity Partners LLC purchased a new stake in shares of GMO International Value ETF during the 1st quarter valued at about $28,000. Sanctuary Advisors LLC purchased a new stake in shares of GMO International Value ETF during the 1st quarter valued at about $211,000. International Assets Investment Management LLC purchased a new stake in shares of GMO International Value ETF during the 4th quarter valued at about $262,000. Centurion Wealth Management LLC raised its position in shares of GMO International Value ETF by 17.6% during the 4th quarter. Centurion Wealth Management LLC now owns 10,000 shares of the company’s stock valued at $336,000 after buying an additional 1,500 shares in the last quarter. Finally, Aspen Investment Management Inc purchased a new stake in shares of GMO International Value ETF during the 4th quarter valued at about $422,000.

About GMO International Value ETF

The GMO International Value ETF (GMOI) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing primarily in international equity markets. The fund aims to capitalize on perceived market dislocations, using proprietary methods to identify undervalued equities with positive return potential GMOI was launched on Oct 28, 2024 and is issued by GMO.