GMO U.S. Value ETF (NYSEARCA:GMOV) Sees Large Increase in Short Interest

GMO U.S. Value ETF (NYSEARCA:GMOV) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 3,614 shares, an increase of 610.0% from the August 15th total of 509 shares. Based on an average daily volume of 7,807 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

GMO U.S. Value ETF Stock Performance

Shares of GMOV opened at $32.83 on Friday. The stock has a market capitalization of $105.06 million, a P/E ratio of 12.08 and a beta of 0.63. The company’s fifty day moving average is $31.92 and its two-hundred day moving average is $30.20. GMO U.S. Value ETF has a 1 year low of $25.66 and a 1 year high of $33.34.

GMO U.S. Value ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were issued a $0.1283 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.51 annualized dividend and a dividend yield of 1.6%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. HighTower Advisors LLC boosted its holdings in GMO U.S. Value ETF by 1.8% in the 4th quarter. HighTower Advisors LLC now owns 123,110 shares of the company’s stock valued at $3,384,000 after purchasing an additional 2,182 shares in the last quarter. Fifth Third Bancorp acquired a new position in GMO U.S. Value ETF during the 1st quarter worth approximately $84,000. Fund Evaluation Group LLC raised its stake in shares of GMO U.S. Value ETF by 7.4% during the 4th quarter. Fund Evaluation Group LLC now owns 50,500 shares of the company’s stock worth $1,388,000 after buying an additional 3,500 shares in the last quarter. Essential Partners LLC raised its stake in shares of GMO U.S. Value ETF by 8.6% during the 1st quarter. Essential Partners LLC now owns 60,238 shares of the company’s stock worth $1,692,000 after buying an additional 4,774 shares in the last quarter. Finally, Pathway Financial Advisors LLC acquired a new stake in shares of GMO U.S. Value ETF in the 2nd quarter valued at approximately $246,000.

About GMO U.S. Value ETF

The GMO US Value ETF (GMOV) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing primarily in US equity securities. The fund seeks to identify undervalued US stocks using proprietary quantitative methods, capitalizing on perceived market dislocations GMOV was launched on Oct 28, 2024 and is issued by GMO.