GMO International Value ETF (NYSEARCA:GMOI – Get Free Report) was the target of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 38,081 shares, a decrease 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. Currently, 0.3% of the shares of the company are short sold.
Institutional Investors Weigh In On GMO International Value ETF
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fidelity D & D Bancorp Inc. bought a new position in GMO International Value ETF during the fourth quarter worth $14,370,000. HighTower Advisors LLC lifted its position in shares of GMO International Value ETF by 30.0% during the fourth quarter. HighTower Advisors LLC now owns 720,793 shares of the company’s stock valued at $24,204,000 after purchasing an additional 166,129 shares in the last quarter. Maltin Wealth Management Inc. lifted its position in shares of GMO International Value ETF by 63.7% during the 1st quarter. Maltin Wealth Management Inc. now owns 261,797 shares of the company’s stock worth $9,485,000 after buying an additional 101,887 shares in the last quarter. LPL Financial LLC purchased a new position in shares of GMO International Value ETF in the 4th quarter worth approximately $1,065,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of GMO International Value ETF in the first quarter valued at approximately $858,000.
GMO International Value ETF Stock Performance
NYSEARCA:GMOI traded down $0.18 during mid-day trading on Thursday, hitting $41.30. 50,908 shares of the stock were exchanged, compared to its average volume of 106,379. GMO International Value ETF has a fifty-two week low of $30.41 and a fifty-two week high of $42.01. The firm’s 50-day simple moving average is $39.39 and its 200 day simple moving average is $37.99. The stock has a market capitalization of $561.68 million, a price-to-earnings ratio of 10.16 and a beta of 0.18.
GMO International Value ETF Company Profile
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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