GMO International Value ETF (NYSEARCA:GMOI) Sees Significant Growth in Short Interest

GMO International Value ETF (NYSEARCA:GMOI) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 43,880 shares, a growth of 62.1% from the June 30th total of 27,069 shares. Based on an average daily volume of 46,653 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.4% of the company’s stock are sold short.

GMO International Value ETF Stock Performance

Shares of GMO International Value ETF stock opened at $40.32 on Friday. GMO International Value ETF has a one year low of $29.06 and a one year high of $40.68. The business has a 50-day simple moving average of $38.32 and a 200-day simple moving average of $37.24. The company has a market cap of $536.26 million, a PE ratio of 10.16 and a beta of 0.21.

Hedge Funds Weigh In On GMO International Value ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GMOI. Fidelity D & D Bancorp Inc. acquired a new position in shares of GMO International Value ETF in the 4th quarter valued at $14,370,000. HighTower Advisors LLC grew its holdings in shares of GMO International Value ETF by 30.0% during the fourth quarter. HighTower Advisors LLC now owns 720,793 shares of the company’s stock worth $24,204,000 after buying an additional 166,129 shares during the last quarter. Maltin Wealth Management Inc. increased its holdings 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 purchasing an additional 101,887 shares during the period. LPL Financial LLC acquired a new position in GMO International Value ETF in the 4th quarter valued at $1,065,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of GMO International Value ETF during the first quarter worth about $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.