Short Interest in GMO International Value ETF (NYSEARCA:GMOI) Decreases By 44.8%

GMO International Value ETF (NYSEARCA:GMOI) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totaling 21,008 shares, a decrease of 44.8% from the August 15th total of 38,081 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 126,718 shares, the days-to-cover ratio is currently 0.2 days.

GMO International Value ETF Price Performance

NYSEARCA GMOI traded down $0.20 during mid-day trading on Tuesday, hitting $41.23. The company’s stock had a trading volume of 241,388 shares, compared to its average volume of 103,062. The firm has a market capitalization of $560.66 million, a P/E ratio of 10.16 and a beta of 0.18. GMO International Value ETF has a 52-week low of $30.41 and a 52-week high of $42.15. The stock’s fifty day simple moving average is $40.37 and its two-hundred day simple moving average is $38.35.

GMO International Value ETF Dividend Announcement

The firm also recently announced a semiannual dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were paid a $0.1512 dividend. This represents a dividend yield of 81.0%. The ex-dividend date of this dividend was Tuesday, June 30th.

Hedge Funds Weigh In On GMO International Value ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Signature Equity Partners LLC purchased a new stake in GMO International Value ETF during the 1st quarter worth $28,000. TD Waterhouse Canada Inc. purchased a new position in GMO International Value ETF in the second quarter valued at about $34,000. Allied Private Wealth LLC acquired a new position in shares of GMO International Value ETF during the second quarter worth about $54,000. Sanctuary Advisors LLC acquired a new position in shares of GMO International Value ETF during the first quarter worth about $211,000. Finally, Aspen Investment Management Inc purchased a new stake in shares of GMO International Value ETF in the fourth quarter worth about $422,000.

GMO International Value ETF Company Profile

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.