GMO U.S. Quality ETF (NYSEARCA:QLTY) Sees Significant Decrease in Short Interest

GMO U.S. Quality ETF (NYSEARCA:QLTY) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 213,293 shares, a decrease of 78.2% from the June 30th total of 978,699 shares. Based on an average daily trading volume, of 443,278 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On GMO U.S. Quality ETF

A number of large investors have recently bought and sold shares of the stock. Chemistry Wealth Management LLC grew its stake in shares of GMO U.S. Quality ETF by 22.9% during the 2nd quarter. Chemistry Wealth Management LLC now owns 12,018 shares of the company’s stock valued at $500,000 after buying an additional 2,239 shares during the period. Breakwater Capital Group increased its holdings in shares of GMO U.S. Quality ETF by 16.7% during the 2nd quarter. Breakwater Capital Group now owns 28,539 shares of the company’s stock worth $1,188,000 after buying an additional 4,090 shares during the last quarter. Sprinkle Financial Consultants LLC raised its position in shares of GMO U.S. Quality ETF by 4.5% in the 2nd quarter. Sprinkle Financial Consultants LLC now owns 91,207 shares of the company’s stock worth $3,796,000 after buying an additional 3,939 shares during the period. Prodigy Asset Management LLC raised its position in shares of GMO U.S. Quality ETF by 28.4% in the 2nd quarter. Prodigy Asset Management LLC now owns 1,234,416 shares of the company’s stock worth $51,376,000 after buying an additional 273,297 shares during the period. Finally, Stonehearth Capital Management LLC boosted its holdings in GMO U.S. Quality ETF by 1.5% in the second quarter. Stonehearth Capital Management LLC now owns 447,576 shares of the company’s stock valued at $18,628,000 after acquiring an additional 6,650 shares during the last quarter. Hedge funds and other institutional investors own 85.37% of the company’s stock.

GMO U.S. Quality ETF Trading Up 0.2%

Shares of NYSEARCA:QLTY opened at $40.92 on Friday. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 56.83 and a beta of 0.97. The stock’s 50-day moving average price is $41.22 and its two-hundred day moving average price is $39.53. GMO U.S. Quality ETF has a 12-month low of $33.56 and a 12-month high of $42.06.

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.