GMO U.S. Quality ETF (NYSEARCA:QLTY) Short Interest Down 44.1% in May

GMO U.S. Quality ETF (NYSEARCA:QLTY) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 191,351 shares, a drop of 44.1% from the April 30th total of 342,611 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 490,734 shares, the days-to-cover ratio is currently 0.4 days.

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

A number of large investors have recently modified their holdings of QLTY. Aspen Investment Management Inc raised its holdings in shares of GMO U.S. Quality ETF by 4.6% during the 1st quarter. Aspen Investment Management Inc now owns 27,800 shares of the company’s stock valued at $1,006,000 after buying an additional 1,210 shares in the last quarter. Sprinkle Financial Consultants LLC raised its holdings in shares of GMO U.S. Quality ETF by 10.5% during the 1st quarter. Sprinkle Financial Consultants LLC now owns 87,268 shares of the company’s stock valued at $3,157,000 after buying an additional 8,264 shares in the last quarter. Allegheny Financial Group raised its holdings in shares of GMO U.S. Quality ETF by 64.0% during the 1st quarter. Allegheny Financial Group now owns 400,548 shares of the company’s stock valued at $14,492,000 after buying an additional 156,371 shares in the last quarter. Stonehearth Capital Management LLC raised its holdings in shares of GMO U.S. Quality ETF by 4.8% during the 1st quarter. Stonehearth Capital Management LLC now owns 440,926 shares of the company’s stock valued at $15,953,000 after buying an additional 20,133 shares in the last quarter. Finally, CENTRAL TRUST Co raised its holdings in shares of GMO U.S. Quality ETF by 35.7% during the 1st quarter. CENTRAL TRUST Co now owns 820,980 shares of the company’s stock valued at $29,703,000 after buying an additional 215,930 shares in the last quarter. 85.37% of the stock is owned by hedge funds and other institutional investors.

GMO U.S. Quality ETF Trading Down 0.5%

Shares of QLTY opened at $41.22 on Thursday. The company has a market cap of $4.28 billion, a PE ratio of 57.25 and a beta of 0.99. The stock has a 50-day moving average price of $39.25 and a 200-day moving average price of $38.73. GMO U.S. Quality ETF has a 12-month low of $32.59 and a 12-month high of $41.60.

GMO U.S. Quality ETF Company Profile

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.