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

GMO International Quality ETF (NYSEARCA:QLTI) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 11,497 shares, an increase of 702.3% from the August 31st total of 1,433 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 41,673 shares, the days-to-cover ratio is presently 0.3 days.

GMO International Quality ETF Stock Up 0.6%

NYSEARCA QLTI traded up $0.17 during mid-day trading on Friday, hitting $26.99. The stock had a trading volume of 13,018 shares, compared to its average volume of 28,475. The company has a 50 day simple moving average of $27.28 and a 200 day simple moving average of $26.54. The company has a market cap of $275.30 million, a price-to-earnings ratio of -39.69 and a beta of 0.51. GMO International Quality ETF has a 52-week low of $24.22 and a 52-week high of $28.20.

GMO International Quality ETF Announces Dividend

The company also recently declared a semiannual dividend, which was paid on Wednesday, July 1st. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.0248 per share. This represents a dividend yield of 18.0%. The ex-dividend date of this dividend was Tuesday, June 30th. GMO International Quality ETF’s payout ratio is -23.53%.

Institutional Investors Weigh In On GMO International Quality ETF

A number of large investors have recently added to or reduced their stakes in the business. Turim 21 Investimentos Ltda. purchased a new stake in shares of GMO International Quality ETF in the fourth quarter valued at about $39,000. Parallel Advisors LLC raised its position in shares of GMO International Quality ETF by 19.3% during the 1st quarter. Parallel Advisors LLC now owns 5,667 shares of the company’s stock worth $142,000 after purchasing an additional 918 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its stake in GMO International Quality ETF by 28.5% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 19,447 shares of the company’s stock valued at $526,000 after buying an additional 4,314 shares in the last quarter. 61.01% of the stock is owned by institutional investors and hedge funds.

About GMO International Quality ETF

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.