Short Interest in Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP) Decreases By 91.0%

Gabelli Love Our Planet & People ETF (NYSEARCA:LOPP) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 354 shares, a decrease of 91.0% from the May 14th total of 3,939 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 392 shares, the short-interest ratio is currently 0.9 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of LOPP. Gabelli Funds LLC bought a new position in Gabelli Love Our Planet & People ETF in the 4th quarter worth $661,000. Gamco Investors INC. ET AL bought a new position in Gabelli Love Our Planet & People ETF in the 4th quarter worth $3,222,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in Gabelli Love Our Planet & People ETF in the 4th quarter worth $202,000.

Gabelli Love Our Planet & People ETF Price Performance

Shares of NYSEARCA:LOPP traded up $0.23 during midday trading on Tuesday, hitting $37.68. The company had a trading volume of 30 shares, compared to its average volume of 1,901. The company has a market cap of $15.07 million, a price-to-earnings ratio of 18.65 and a beta of 0.95. Gabelli Love Our Planet & People ETF has a 12-month low of $27.94 and a 12-month high of $39.53. The company has a fifty day moving average of $36.93 and a two-hundred day moving average of $35.47.

About Gabelli Love Our Planet & People ETF

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.