GMO International Value ETF (NYSEARCA:GMOI – Get Free Report) was the recipient of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 38,081 shares, a drop of 90.4% from the July 30th total of 396,929 shares. Based on an average trading volume of 240,623 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the shares of the stock are short sold.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Signature Equity Partners LLC purchased a new stake in shares of GMO International Value ETF during the first quarter worth about $28,000. TD Waterhouse Canada Inc. acquired a new stake in GMO International Value ETF in the 2nd quarter worth about $34,000. Allied Private Wealth LLC acquired a new stake in GMO International Value ETF in the 2nd quarter worth about $54,000. Kestra Private Wealth Services LLC increased its stake in GMO International Value ETF by 13.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 16,910 shares of the company’s stock worth $568,000 after buying an additional 2,028 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in GMO International Value ETF during the 1st quarter worth approximately $211,000.
GMO International Value ETF Stock Performance
Shares of GMO International Value ETF stock traded down $0.20 on Wednesday, hitting $41.50. The company’s stock had a trading volume of 28,958 shares, compared to its average volume of 106,628. The company has a market capitalization of $564.40 million, a price-to-earnings ratio of 10.16 and a beta of 0.18. GMO International Value ETF has a 1 year low of $30.41 and a 1 year high of $42.01. The firm has a fifty day moving average price of $39.32 and a 200-day moving average price of $37.95.
About GMO International Value ETF
The GMO International Value ETF (GMOI) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing primarily in international equity markets. The fund aims to capitalize on perceived market dislocations, using proprietary methods to identify undervalued equities with positive return potential GMOI was launched on Oct 28, 2024 and is issued by GMO.
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