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

GMO International Quality ETF (NYSEARCA:QLTI) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 1,933 shares, a decrease of 87.6% from the April 30th total of 15,609 shares. Based on an average trading volume of 30,099 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

GMO International Quality ETF Price Performance

NYSEARCA:QLTI traded up $0.01 during midday trading on Friday, hitting $26.50. The company’s stock had a trading volume of 9,617 shares, compared to its average volume of 35,635. GMO International Quality ETF has a fifty-two week low of $24.21 and a fifty-two week high of $28.15. The firm’s 50 day moving average is $25.77 and its 200-day moving average is $26.37. The firm has a market cap of $286.20 million, a P/E ratio of -38.97 and a beta of 0.54.

Institutional Investors Weigh In On GMO International Quality ETF

Several hedge funds have recently bought and sold shares of QLTI. Turim 21 Investimentos Ltda. purchased a new stake in GMO International Quality ETF in the 4th quarter worth approximately $39,000. Parallel Advisors LLC boosted its position in GMO International Quality ETF by 41.4% in the 3rd quarter. Parallel Advisors LLC now owns 2,738 shares of the company’s stock worth $70,000 after purchasing an additional 802 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in GMO International Quality ETF in the 2nd quarter worth approximately $148,000. Dynamic Advisor Solutions LLC purchased a new stake in GMO International Quality ETF in the 4th quarter worth approximately $314,000. Finally, RPS Advisory Solutions LLC purchased a new stake in GMO International Quality ETF in the 4th quarter worth approximately $425,000. Hedge funds and other institutional investors own 61.01% of the company’s stock.

About GMO International Quality ETF

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.