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

GMO International Quality ETF (NYSEARCA:QLTI) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 1,716 shares, a decline of 45.7% from the July 30th total of 3,163 shares. Based on an average daily volume of 19,443 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Trading of GMO International Quality ETF

Several hedge funds and other institutional investors have recently bought and sold shares of QLTI. Dynamic Advisor Solutions LLC increased its holdings in GMO International Quality ETF by 28.5% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 19,447 shares of the company’s stock valued at $526,000 after purchasing an additional 4,314 shares in the last quarter. Parallel Advisors LLC lifted its stake in GMO International Quality ETF by 19.3% in the 1st quarter. Parallel Advisors LLC now owns 5,667 shares of the company’s stock valued at $142,000 after purchasing an additional 918 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of GMO International Quality ETF by 143.2% in the fourth quarter. Lazard Asset Management LLC now owns 1,523,733 shares of the company’s stock valued at $40,531,000 after purchasing an additional 897,193 shares during the period. Turim 21 Investimentos Ltda. acquired a new position in GMO International Quality ETF in the 4th quarter valued at $39,000. Finally, Moneta Group Investment Advisors LLC acquired a new stake in GMO International Quality ETF during the fourth quarter worth approximately $1,221,000. 61.01% of the stock is currently owned by institutional investors and hedge funds.

GMO International Quality ETF Price Performance

QLTI traded down $0.34 on Tuesday, reaching $27.41. 15,590 shares of the company traded hands, compared to its average volume of 28,590. GMO International Quality ETF has a 52-week low of $24.22 and a 52-week high of $28.20. The stock’s 50 day moving average price is $27.24 and its 200-day moving average price is $26.60. The company has a market cap of $296.03 million, a price-to-earnings ratio of -40.31 and a beta of 0.50.

GMO International Quality ETF Company Profile

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.