Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP) Sees Large Growth in Short Interest

Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 1,874 shares, a growth of 288.0% from the April 15th total of 483 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 544 shares, the days-to-cover ratio is currently 3.4 days.

Gabelli Love Our Planet & People ETF Price Performance

LOPP traded down $0.17 on Wednesday, reaching $37.76. 6 shares of the company’s stock were exchanged, compared to its average volume of 2,212. The stock has a market cap of $15.10 million, a PE ratio of 18.65 and a beta of 0.96. Gabelli Love Our Planet & People ETF has a twelve month low of $27.94 and a twelve month high of $39.53. The stock’s fifty day moving average price is $35.94 and its 200-day moving average price is $34.85.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Gabelli Funds LLC acquired a new position in Gabelli Love Our Planet & People ETF during the fourth quarter worth about $661,000. Gamco Investors INC. ET AL acquired a new position in Gabelli Love Our Planet & People ETF during the fourth quarter worth about $3,222,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Gabelli Love Our Planet & People ETF during the fourth quarter worth about $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.