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

GMO International Value ETF (NYSEARCA:GMOI) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 13,183 shares, a growth of 54.5% from the September 15th total of 8,534 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 41,242 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Signature Equity Partners LLC bought a new stake in GMO International Value ETF in the first quarter valued at $28,000. TD Waterhouse Canada Inc. acquired a new position in shares of GMO International Value ETF during the second quarter valued at $34,000. Allied Private Wealth LLC acquired a new position in shares of GMO International Value ETF during the second quarter valued at $54,000. Sanctuary Advisors LLC acquired a new position in shares of GMO International Value ETF during the first quarter valued at $211,000. Finally, International Assets Investment Management LLC grew its position in shares of GMO International Value ETF by 120.6% during the first quarter. International Assets Investment Management LLC now owns 17,222 shares of the company’s stock worth $631,000 after acquiring an additional 9,415 shares during the last quarter.

GMO International Value ETF Price Performance

Shares of NYSEARCA GMOI traded up $0.27 during mid-day trading on Friday, hitting $40.14. The company had a trading volume of 61,950 shares, compared to its average volume of 97,436. The stock has a market cap of $674.35 million, a price-to-earnings ratio of 10.16 and a beta of 0.21. GMO International Value ETF has a 12 month low of $30.95 and a 12 month high of $42.15. The firm’s 50 day simple moving average is $40.70 and its two-hundred day simple moving average is $38.98.

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.