Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP) Sees Large Decline in Short Interest

Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 599 shares, a drop of 40.5% from the August 15th total of 1,007 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 307 shares, the days-to-cover ratio is currently 2.0 days.

Gabelli Love Our Planet & People ETF Trading Up 0.6%

NYSEARCA:LOPP traded up $0.22 during mid-day trading on Thursday, hitting $36.13. 19 shares of the company’s stock were exchanged, compared to its average volume of 1,287. Gabelli Love Our Planet & People ETF has a fifty-two week low of $31.69 and a fifty-two week high of $40.00. The firm has a market capitalization of $36.09 million, a P/E ratio of 18.65 and a beta of 0.94. The company has a 50 day simple moving average of $37.65 and a 200-day simple moving average of $37.16.

Institutional Trading of Gabelli Love Our Planet & People ETF

Institutional investors have recently modified their holdings of the business. Gabelli Funds LLC increased its holdings in Gabelli Love Our Planet & People ETF by 114.0% in the first quarter. Gabelli Funds LLC now owns 42,800 shares of the company’s stock valued at $1,484,000 after purchasing an additional 22,800 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Gabelli Love Our Planet & People ETF in the 4th quarter valued at about $202,000. Finally, Gamco Investors INC. ET AL acquired a new stake in shares of Gabelli Love Our Planet & People ETF in the fourth quarter valued at about $3,222,000.

About Gabelli Love Our Planet & People ETF

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.