Short Interest in Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP) Increases By 288.3%

Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,491 shares, a growth of 288.3% from the June 15th total of 384 shares. Based on an average daily volume of 1,149 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Gabelli Love Our Planet & People ETF during the fourth quarter worth $202,000. Gabelli Funds LLC bought a new stake in Gabelli Love Our Planet & People ETF in the 4th quarter valued at $661,000. Finally, Gamco Investors INC. ET AL bought a new stake in Gabelli Love Our Planet & People ETF in the 4th quarter valued at $3,222,000.

Gabelli Love Our Planet & People ETF Stock Performance

NYSEARCA LOPP traded down $0.60 during trading hours on Monday, reaching $37.95. 100 shares of the company’s stock were exchanged, compared to its average volume of 1,685. The company has a market capitalization of $15.18 million, a price-to-earnings ratio of 18.65 and a beta of 0.94. The company’s 50-day moving average is $38.06 and its two-hundred day moving average is $36.39. Gabelli Love Our Planet & People ETF has a one year low of $27.94 and a one year high of $40.00.

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.