Short Interest in GMO U.S. Quality ETF (NYSEARCA:QLTY) Rises By 207.4%

GMO U.S. Quality ETF (NYSEARCA:QLTY) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 978,699 shares, a growth of 207.4% from the June 15th total of 318,387 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average daily volume of 366,337 shares, the short-interest ratio is presently 2.7 days.

Institutional Investors Weigh In On GMO U.S. Quality ETF

Several hedge funds have recently bought and sold shares of QLTY. HB Wealth Management LLC grew its stake in shares of GMO U.S. Quality ETF by 1,078.9% during the 1st quarter. HB Wealth Management LLC now owns 5,905,175 shares of the company’s stock worth $213,642,000 after purchasing an additional 5,404,269 shares during the period. Modern Wealth Management LLC lifted its stake in shares of GMO U.S. Quality ETF by 11,962.7% in the 1st quarter. Modern Wealth Management LLC now owns 1,040,532 shares of the company’s stock valued at $38,073,000 after purchasing an additional 1,031,906 shares during the period. Prodigy Asset Management LLC boosted its holdings in GMO U.S. Quality ETF by 28.4% during the second quarter. Prodigy Asset Management LLC now owns 1,234,416 shares of the company’s stock worth $51,376,000 after buying an additional 273,297 shares in the last quarter. CENTRAL TRUST Co grew its position in GMO U.S. Quality ETF by 35.7% during the first quarter. CENTRAL TRUST Co now owns 820,980 shares of the company’s stock valued at $29,703,000 after buying an additional 215,930 shares during the period. Finally, Apella Capital LLC acquired a new stake in GMO U.S. Quality ETF during the first quarter valued at $6,801,000. Hedge funds and other institutional investors own 85.37% of the company’s stock.

GMO U.S. Quality ETF Trading Down 0.1%

Shares of NYSEARCA QLTY traded down $0.04 during trading on Tuesday, reaching $41.68. 372,783 shares of the company traded hands, compared to its average volume of 609,796. The stock has a market cap of $4.76 billion, a P/E ratio of 57.89 and a beta of 0.97. The firm’s fifty day simple moving average is $41.03 and its 200 day simple moving average is $39.37. GMO U.S. Quality ETF has a 12-month low of $33.56 and a 12-month high of $42.00.

GMO U.S. Quality ETF Company Profile

The GMO U.S. Quality ETF (QLTY) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that focuses on equities of high-quality US companies. The funds investments may include companies of any market capitalization. QLTY was launched on Nov 13, 2023 and is issued by GMO.