GMO U.S. Value ETF (NYSEARCA:GMOV) Sees Significant Increase in Short Interest

GMO U.S. Value ETF (NYSEARCA:GMOV) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 3,614 shares, a growth of 610.0% from the August 15th total of 509 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 7,807 shares, the days-to-cover ratio is presently 0.5 days.

GMO U.S. Value ETF Stock Up 0.7%

Shares of GMO U.S. Value ETF stock traded up $0.24 during trading on Friday, reaching $32.83. The company’s stock had a trading volume of 1,227 shares, compared to its average volume of 15,478. GMO U.S. Value ETF has a 52-week low of $25.66 and a 52-week high of $33.34. The company has a market cap of $105.06 million, a price-to-earnings ratio of 12.08 and a beta of 0.63. The firm’s 50-day moving average is $31.92 and its two-hundred day moving average is $30.20.

GMO U.S. Value ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were paid a $0.1283 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.51 annualized dividend and a yield of 1.6%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Pathway Financial Advisors LLC bought a new stake in shares of GMO U.S. Value ETF in the 2nd quarter valued at about $246,000. Essential Partners LLC grew its position in GMO U.S. Value ETF by 8.6% during the 1st quarter. Essential Partners LLC now owns 60,238 shares of the company’s stock worth $1,692,000 after acquiring an additional 4,774 shares during the last quarter. Fifth Third Bancorp bought a new position in GMO U.S. Value ETF during the 1st quarter worth approximately $84,000. Kestra Private Wealth Services LLC purchased a new position in GMO U.S. Value ETF in the 1st quarter worth approximately $333,000. Finally, MML Investors Services LLC purchased a new position in GMO U.S. Value ETF in the 4th quarter worth approximately $1,794,000.

GMO U.S. Value ETF Company Profile

The GMO US Value ETF (GMOV) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing primarily in US equity securities. The fund seeks to identify undervalued US stocks using proprietary quantitative methods, capitalizing on perceived market dislocations GMOV was launched on Oct 28, 2024 and is issued by GMO.