Short Interest in Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP) Drops By 40.5%

Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 599 shares, a decline of 40.5% from the August 15th total of 1,007 shares. Based on an average trading volume of 307 shares, the short-interest ratio is presently 2.0 days. Currently, 0.1% of the company’s shares are sold short.

Gabelli Love Our Planet & People ETF Trading Up 0.0%

Shares of NYSEARCA:LOPP traded up $0.01 during midday trading on Wednesday, hitting $35.91. The company had a trading volume of 113 shares, compared to its average volume of 1,294. Gabelli Love Our Planet & People ETF has a 12 month low of $31.69 and a 12 month high of $40.00. The firm has a fifty day simple moving average of $37.69 and a 200 day simple moving average of $37.17. The stock has a market cap of $35.87 million, a price-to-earnings ratio of 18.65 and a beta of 0.94.

Hedge Funds Weigh In On Gabelli Love Our Planet & People ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Gabelli Funds LLC acquired a new stake in Gabelli Love Our Planet & People ETF during the 4th quarter worth $661,000. Gamco Investors INC. ET AL bought a new position in Gabelli Love Our Planet & People ETF in the fourth quarter valued at approximately $3,222,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Gabelli Love Our Planet & People ETF during the fourth quarter worth $202,000.

Gabelli Love Our Planet & People ETF Company Profile

The Gabelli Love Our Planet & People ETF (LOPP) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively managed, non-transparent fund of US-listed companies selected by combining ESG with value-oriented investing. The fund utilizes the Precidian non-transparent model. LOPP was launched on Feb 1, 2021 and is managed by Gabelli.