GMO International Quality ETF (NYSEARCA:QLTI) Sees Significant Growth in Short Interest

GMO International Quality ETF (NYSEARCA:QLTI) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 4,486 shares, an increase of 628.2% from the June 30th total of 616 shares. Based on an average trading volume of 9,260 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the company’s stock are short sold.

GMO International Quality ETF Stock Performance

NYSEARCA QLTI traded up $0.18 during trading on Friday, reaching $26.23. 1,098 shares of the company’s stock were exchanged, compared to its average volume of 29,368. The company has a 50 day moving average price of $26.57 and a two-hundred day moving average price of $26.53. The stock has a market cap of $283.28 million, a P/E ratio of -38.57 and a beta of 0.50. GMO International Quality ETF has a 1 year low of $24.21 and a 1 year high of $28.15.

Institutional Investors Weigh In On GMO International Quality ETF

Institutional investors have recently added to or reduced their stakes in the business. Turim 21 Investimentos Ltda. acquired a new position in shares of GMO International Quality ETF in the 4th quarter valued at $39,000. Parallel Advisors LLC raised its position in GMO International Quality ETF by 41.4% in the 3rd quarter. Parallel Advisors LLC now owns 2,738 shares of the company’s stock valued at $70,000 after purchasing an additional 802 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in GMO International Quality ETF during the 2nd quarter worth $148,000. Dynamic Advisor Solutions LLC acquired a new stake in GMO International Quality ETF during the 4th quarter worth $314,000. Finally, RPS Advisory Solutions LLC acquired a new stake in GMO International Quality ETF during the 4th quarter worth $425,000. Hedge funds and other institutional investors own 61.01% of the company’s stock.

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.