GMO International Quality ETF (NYSEARCA:QLTI) Sees Large Drop in Short Interest

GMO International Quality ETF (NYSEARCA:QLTI) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 1,716 shares, a drop of 45.7% from the July 30th total of 3,163 shares. Based on an average daily trading volume, of 19,443 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

GMO International Quality ETF Trading Down 0.4%

Shares of GMO International Quality ETF stock traded down $0.10 during trading on Friday, reaching $27.90. The company’s stock had a trading volume of 3,100 shares, compared to its average volume of 28,818. The stock has a 50-day moving average price of $27.22 and a two-hundred day moving average price of $26.61. The stock has a market capitalization of $301.32 million, a P/E ratio of -41.03 and a beta of 0.50. GMO International Quality ETF has a one year low of $24.22 and a one year high of $28.20.

Hedge Funds Weigh In On GMO International Quality ETF

A number of institutional investors have recently modified their holdings of QLTI. Turim 21 Investimentos Ltda. bought a new stake in shares of GMO International Quality ETF during the fourth quarter valued at approximately $39,000. Parallel Advisors LLC increased its holdings in shares of GMO International Quality ETF by 41.4% in the third quarter. Parallel Advisors LLC now owns 2,738 shares of the company’s stock valued at $70,000 after purchasing an additional 802 shares in the last quarter. JPMorgan Chase & Co. bought a new position in GMO International Quality ETF in the 2nd quarter worth approximately $148,000. RPS Advisory Solutions LLC bought a new position in GMO International Quality ETF in the 4th quarter worth approximately $425,000. Finally, Dynamic Advisor Solutions LLC lifted its holdings in GMO International Quality ETF by 28.5% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 19,447 shares of the company’s stock worth $526,000 after buying an additional 4,314 shares in the last quarter. 61.01% of the stock is owned by institutional investors.

GMO International Quality ETF Company Profile

The GMO International Quality ETF (QLTI) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing in non-US equities that the adviser deems to be high quality. The fund focuses on companies with strong cash flows, targeting investments with high return potential. QLTI was launched on Oct 28, 2024 and is issued by GMO.