GMO U.S. Quality ETF (NYSEARCA:QLTY) Shares Shorted: Short Interest Up 100.6% in September

GMO U.S. Quality ETF (NYSEARCA:QLTY) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 142,204 shares, a growth of 100.6% from the September 15th total of 70,884 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 386,721 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Triangle Securities Wealth Management grew its holdings in shares of GMO U.S. Quality ETF by 163.7% in the 3rd quarter. Triangle Securities Wealth Management now owns 342,218 shares of the company’s stock worth $14,650,000 after acquiring an additional 212,443 shares during the last quarter. Stonehearth Capital Management LLC lifted its holdings in shares of GMO U.S. Quality ETF by 1.6% during the third quarter. Stonehearth Capital Management LLC now owns 454,836 shares of the company’s stock valued at $19,472,000 after purchasing an additional 7,260 shares during the last quarter. Sprinkle Financial Consultants LLC boosted its position in shares of GMO U.S. Quality ETF by 17.0% in the 3rd quarter. Sprinkle Financial Consultants LLC now owns 106,690 shares of the company’s stock valued at $4,567,000 after purchasing an additional 15,483 shares during the period. Paragon Capital Management Ltd boosted its position in shares of GMO U.S. Quality ETF by 3.4% in the 3rd quarter. Paragon Capital Management Ltd now owns 416,435 shares of the company’s stock valued at $17,828,000 after purchasing an additional 13,614 shares during the period. Finally, Breakwater Capital Group boosted its position in shares of GMO U.S. Quality ETF by 14.5% in the 3rd quarter. Breakwater Capital Group now owns 32,686 shares of the company’s stock valued at $1,399,000 after purchasing an additional 4,147 shares during the period. Institutional investors own 85.37% of the company’s stock.

GMO U.S. Quality ETF Trading Up 0.9%

NYSEARCA:QLTY traded up $0.41 during midday trading on Thursday, hitting $44.29. 800,424 shares of the stock were exchanged, compared to its average volume of 535,966. GMO U.S. Quality ETF has a one year low of $35.15 and a one year high of $44.37. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 61.51 and a beta of 0.97. The business has a 50-day moving average price of $43.09 and a two-hundred day moving average price of $41.33.

GMO U.S. Quality ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Wednesday, September 30th were given a dividend of $0.0613 per share. This is a drop from GMO U.S. Quality ETF’s previous quarterly dividend of $0.0754. The ex-dividend date was Wednesday, September 30th. This represents a $0.25 annualized dividend and a dividend yield of 0.6%. GMO U.S. Quality ETF’s payout ratio is 38.89%.

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.