Short Interest in GMO International Value ETF (NYSEARCA:GMOI) Drops By 90.4%

GMO International Value ETF (NYSEARCA:GMOI) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 38,081 shares, a decrease of 90.4% from the July 30th total of 396,929 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 240,623 shares, the short-interest ratio is presently 0.2 days.

GMO International Value ETF Price Performance

Shares of NYSEARCA GMOI traded up $0.14 during mid-day trading on Tuesday, reaching $41.70. The company’s stock had a trading volume of 991,976 shares, compared to its average volume of 107,133. GMO International Value ETF has a 52 week low of $30.41 and a 52 week high of $42.01. The firm has a market capitalization of $567.12 million, a PE ratio of 10.16 and a beta of 0.18. The stock has a fifty day moving average of $39.32 and a two-hundred day moving average of $37.95.

Hedge Funds Weigh In On GMO International Value ETF

Several institutional investors have recently added to or reduced their stakes in the company. Fidelity D & D Bancorp Inc. bought a new stake in GMO International Value ETF in the fourth quarter worth $14,370,000. HighTower Advisors LLC increased its position in shares of GMO International Value ETF by 30.0% during the 4th quarter. HighTower Advisors LLC now owns 720,793 shares of the company’s stock valued at $24,204,000 after purchasing an additional 166,129 shares during the last quarter. Maltin Wealth Management Inc. raised its stake in shares of GMO International Value ETF by 63.7% in the first quarter. Maltin Wealth Management Inc. now owns 261,797 shares of the company’s stock valued at $9,485,000 after acquiring an additional 101,887 shares during the period. LPL Financial LLC purchased a new stake in GMO International Value ETF in the 4th quarter worth about $1,065,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of GMO International Value ETF in the first quarter worth approximately $858,000.

GMO International Value ETF Company Profile

The GMO International Value ETF (GMOI) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing primarily in international equity markets. The fund aims to capitalize on perceived market dislocations, using proprietary methods to identify undervalued equities with positive return potential GMOI was launched on Oct 28, 2024 and is issued by GMO.