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

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

Institutional Trading of GMO U.S. Quality ETF

Large investors have recently bought and sold shares of the business. HB Wealth Management LLC raised its position in shares of GMO U.S. Quality ETF by 1,078.9% in the 1st quarter. HB Wealth Management LLC now owns 5,905,175 shares of the company’s stock worth $213,642,000 after acquiring an additional 5,404,269 shares in the last quarter. Lazard Asset Management LLC grew its stake in GMO U.S. Quality ETF by 3.8% during the first quarter. Lazard Asset Management LLC now owns 2,597,522 shares of the company’s stock worth $94,011,000 after purchasing an additional 96,253 shares during the period. Prodigy Asset Management LLC increased its holdings in GMO U.S. Quality ETF by 28.4% in the second quarter. Prodigy Asset Management LLC now owns 1,234,416 shares of the company’s stock worth $51,376,000 after purchasing an additional 273,297 shares in the last quarter. Modern Wealth Management LLC lifted its stake in GMO U.S. Quality ETF by 11,962.7% in the first quarter. Modern Wealth Management LLC now owns 1,040,532 shares of the company’s stock valued at $38,073,000 after buying an additional 1,031,906 shares during the period. Finally, CENTRAL TRUST Co lifted its stake in GMO U.S. Quality ETF by 35.7% in 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. 85.37% of the stock is currently owned by institutional investors and hedge funds.

GMO U.S. Quality ETF Price Performance

Shares of QLTY traded down $0.24 during trading hours on Monday, hitting $41.71. 236,253 shares of the stock were exchanged, compared to its average volume of 611,027. GMO U.S. Quality ETF has a fifty-two week low of $33.56 and a fifty-two week high of $42.00. The business has a 50-day moving average of $40.99 and a 200-day moving average of $39.35. The firm has a market capitalization of $4.77 billion, a P/E ratio of 57.93 and a beta of 0.97.

About GMO U.S. Quality ETF

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.